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Koninklijke Philips NV (PHG.AS)

PHG.AS on Amsterdam Stock Exchange

42.17EUR
23 Oct 2020
Change (% chg)

€0.46 (+1.09%)
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1,874,389
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Latest Key Developments (Source: Significant Developments)

Philips, Singapore General Hospital To Establish Digital And Computational Pathology Center Of Excellence
Friday, 23 Oct 2020 

Oct 23 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS AND SINGAPORE GENERAL HOSPITAL (SGH) TO ESTABLISH DIGITAL AND COMPUTATIONAL PATHOLOGY CENTER OF EXCELLENCE.SGH AIMS TO DEVELOP FIRST FULLY DIGITIZED HISTOPATHOLOGY LABORATORY IN ASEAN BY EXPANDING USE OF PHILIPS' INTELLISITE PATHOLOGY SOLUTION, POTENTIALLY INCREASING PRODUCTIVITY OF EXISTING STAFF BY 7%.PHILIPS SINGAPORE AND SGH WILL OPTIMIZE DIGITAL PATHOLOGY USE TO FACILITATE RESEARCH IN ARTIFICIAL INTELLIGENCE (AI).  Full Article

Philips Partners With SimonMed Imaging To Deploy New Diagnostic Imaging Technology
Wednesday, 21 Oct 2020 

Oct 21 (Reuters) - Koninklijke Philips NV ::SIMONMED IMAGING PARTNERS WITH PHILIPS TO DEPLOY NEW DIAGNOSTIC IMAGING TECHNOLOGY TO ADVANCE RADIOLOGY WORKFLOW PERFORMANCE.PHILIPS AND SIMONMED ARE ALSO COLLABORATING TO FURTHER ENHANCE PATIENT EXPERIENCE AND SPEED IN DIAGNOSTIC IMAGING..  Full Article

Philips And Marienhospital Stuttgart Sign Strategic Partnership
Wednesday, 21 Oct 2020 

Oct 21 (Reuters) - Koninklijke Philips NV ::PHILIPS AND MARIENHOSPITAL STUTTGART SIGN 10-YEAR STRATEGIC PARTNERSHIP TO IMPROVE PATIENT CARE AND EFFICIENCY.  Full Article

Philips Q3 Adjusted EBITA Up At EUR 769 Mln, New 2021-2025 Targets
Monday, 19 Oct 2020 

Oct 19 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS ANNOUNCES Q3 2020 RESULTS AND PROVIDES NEW FINANCIAL TARGETS FOR THE 2021–2025 PERIOD.Q3 SALES AMOUNTED TO EUR 5.0 BILLION, WITH 10% COMPARABLE SALES GROWTH.Q3 INCOME FROM CONTINUING OPERATIONS INCREASED TO EUR 341 MILLION, COMPARED TO EUR 211 MILLION IN Q3 2019.Q3 ADJUSTED EBITA MARGIN INCREASED TO 15.4% OF SALES, COMPARED TO 12.4% OF SALES IN Q3 2019.Q3 INCOME FROM OPERATIONS IMPROVED TO EUR 476 MILLION, COMPARED TO EUR 320 MILLION IN Q3 2019.Q3 EPS FROM CONTINUING OPERATIONS (DILUTED) AMOUNTED TO EUR 0.37.Q3 ADJUSTED EPS INCREASED TO EUR 0.60, COMPARED TO EUR 0.46 IN Q3 2019.WE CONTINUE TO SEE UNCERTAINTY AND VOLATILITY RELATED TO IMPACT OF COVID-19 ACROSS WORLD, BUT OUR ORDER BOOK REMAINS SOLID.Q3 OPERATING CASH FLOW IMPROVED TO EUR 770 MILLION, COMPARED TO EUR 356 MILLION IN Q3 2019.FOR FULL YEAR 2020, WE CONTINUE TO EXPECT TO DELIVER MODEST COMPARABLE SALES GROWTH.FOR FULL YEAR 2020, WE EXPECT AN ADJUSTED EBITA MARGIN OF AROUND LEVEL OF LAST YEAR.Q3 NET INCOME ATTRIBUTABLE TO SHAREHOLDERS EUR 338 MILLION VERSUS EUR 274 MILLION IN COMPANY-COMPINED POLL.PROVIDES NEW FINANCIAL TARGETS FOR 2021-2025 PERIOD.ON NOVEMBER 6, 2020, PHILIPS WILL PROVIDE FURTHER DETAILS OF ITS STRATEGIC PLAN AND PERFORMANCE TRAJECTORY 2021-2025.Q3 ADJUSTED EBITA EUR 769 MILLION VERSUS EUR 630 MILLION IN COMPANY-COMPILED POLL.Q3 COMPILED POLL: SALES EUR 4.82 BILLION; ADJUSTED EBITA EUR 630 MILLION; NET INCOME GROUP SHARE EUR 274 MILLION.  Full Article

Seoul Semiconductor Says Got Permanent Injunction Against LED Lighting Products Made By Philips Brand Lighting Affiliate In Germany
Tuesday, 13 Oct 2020 

Oct 12 (Reuters) - Seoul Semiconductor Co Ltd <046890.KQ>::SEOUL SEMICONDUCTOR OBTAINS PERMANENT INJUNCTION AGAINST LED LIGHTING PRODUCTS MADE BY PHILIPS BRAND LIGHTING AFFILIATE IN GERMANY.GOT PERMANENT INJUNCTION,DESTRUCTION IN PATENT LITIGATION AGAINST LEUCHTSTARK VERTRIEBS GMBH FOR INFRINGEMENT PATENTS IN GERMANY.DISTRICT COURT OF DÜSSELDORF ORDERED DISTRIBUTOR TO RECALL INFRINGING PRODUCTS SOLD AFTER OCTOBER 2017 FROM COMMERCIAL CUSTOMERS.DISTRICT COURT OF DÜSSELDORF ALSO ORDERED DISTRIBUTOR TO DESTROY INFRINGING PRODUCTS.  Full Article

Philips Partners With LeQuest On Online Interactive Training
Wednesday, 7 Oct 2020 

Oct 7 (Reuters) - Koninklijke Philips NV ::PHILIPS PARTNERS WITH LEQUEST TO PROVIDE ONLINE INTERACTIVE TRAINING IN ULTRASOUND.  Full Article

Philips EV300 Ventilator Supply Contract With U.S. Health Department To End
Monday, 31 Aug 2020 

Aug 31 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS EV300 VENTILATOR SUPPLY CONTRACT WITH U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES TO END AFTER DELIVERY OF 12,300 BUNDLED VENTILATOR CONFIGURATIONS.AS DIRECTED BY HHS, PHILIPS WILL NOT SUPPLY REMAINING 30,700 PHILIPS EV300 VENTILATORS TO STRATEGIC NATIONAL STOCKPILE..WILL COMPLETE THE DELIVERIES FOR THIS MONTH, RESULTING IN A TOTAL OF 12,300 BUNDLED VENTILATOR CONFIGURATIONS SUPPLIED TO STRATEGIC NATIONAL STOCKPILE BY END OF AUGUST 2020, IN LINE WITH THE CONTRACT.REDUCTION IN OUR VENTILATOR DELIVERIES TO HHS WILL OBVIOUSLY IMPACT PHILIPS’ FINANCIAL PERFORMANCE, BUT WE CONTINUE TO EXPECT TO RETURN TO GROWTH AND IMPROVED PROFITABILITY IN H2 - CEO.FOR FULL YEAR 2020, WE NOW EXPECT TO DELIVER MODEST COMPARABLE SALES GROWTH WITH ADJUSTED EBITA MARGIN OF AROUND LEVEL OF LAST YEAR.  Full Article

Philips To Acquire Intact Vascular
Thursday, 27 Aug 2020 

Aug 27 (Reuters) - Koninklijke Philips NV ::PHILIPS TO EXPAND ITS IMAGE-GUIDED THERAPY DEVICES PORTFOLIO THROUGH ACQUISITION OF INTACT VASCULAR.TRANSACTION, WHICH IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS, IS EXPECTED TO BE COMPLETED IN Q3 OF 2020.PHILIPS WILL ACQUIRE INTACT VASCULAR FOR AN UPFRONT CASH CONSIDERATION OF USD 275 MILLION (APPROX. EUR 234 MILLION),.TRANSACTION ALSO INCLUDES DEFERRED PAYMENTS FOR WHICH COMPANY EXPECTS TO RECOGNIZE A PROVISION OF USD 85 MILLION (APPROX. EUR 72 MILLION) UPON COMPLETION OF TRANSACTION.  Full Article

Philips Expects Better Margins, Return To Growth In H2
Monday, 20 Jul 2020 

July 20 (Reuters) - Koninklijke Philips NV ::Q2 SALES OF EUR 4.4 BILLION, WITH 6% COMPARABLE SALES DECREASE; INCOME FROM CONTINUING OPERATIONS OF EUR 213 MILLION, ADJUSTED EBITA MARGIN OF 9.5% AND OPERATING CASH FLOW OF EUR 558 MILLION.Q2 SALES AMOUNTED TO EUR 4.4 BILLION, WITH A 6% COMPARABLE SALES DECREASE.KONINKLIJKE PHILIPS NV - WE EXPECT TO RETURN TO GROWTH AND IMPROVED PROFITABILITY FOR GROUP IN SECOND HALF OF YEAR.Q2 INCOME FROM CONTINUING OPERATIONS WAS EUR 213 MILLION, COMPARED TO EUR 260 MILLION IN Q2 2019.Q2 COMPARABLE ORDER INTAKE INCREASED 27%.FOR FULL YEAR 2020 WE CONTINUE TO AIM FOR A MODEST COMPARABLE SALES GROWTH AND ADJUSTED EBITA MARGIN IMPROVEMENT.Q2 ADJUSTED EBITA MARGIN WAS 9.5% OF SALES, COMPARED TO 11.8% OF SALES IN Q2 2019.Q2 INCOME FROM OPERATIONS AMOUNTED TO EUR 229 MILLION, COMPARED TO EUR 350 MILLION IN Q2 2019.END-Q2 OPERATING CASH FLOW IMPROVED TO EUR 558 MILLION, COMPARED TO EUR 390 MILLION IN Q2 2019.I AM CONVINCED THAT PHILIPS IS WELL POSITIONED TO SERVE CURRENT AND FUTURE NEEDS OF HOSPITALS AND HEALTH SYSTEMS - CEO.END-Q2 FREE CASH FLOW INCREASED TO EUR 311 MILLION, COMPARED TO EUR 174 MILLION IN Q2 2019.Q2 ADJUSTED EBITA EUR 418 MILLION VERSUS EUR 344 MILLION IN COMPANY-COMPILED POLL.IS ON TRACK TO DELIVER OVER EUR 400 MILLION PRODUCTIVITY SAVINGS FOR 2020.Q2 NET INCOME EUR 210 MILLION VERSUS EUR 246 MILLION YEAR AGO.Q2 EPS FROM CONTINUING OPERATIONS (DILUTED) AMOUNTED TO EUR 0.23; ADJUSTED EPS AMOUNTED TO EUR 0.35, COMPARED TO EUR 0.42 IN Q2 2019.  Full Article

Philips Updates On Its 2019 Dividend Payment, Share Issuance
Monday, 6 Jul 2020 

July 6 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS ANNOUNCES EXCHANGE RATIO FOR 2019 DIVIDEND.EXCHANGE RATIO IS 1 NEW COMMON SHARE FOR EVERY 49.2971 EXISTING COMMON SHARES.PHILIPS WILL ISSUE A TOTAL NUMBER OF 18,080,198 NEW COMMON SHARES.UPON PAYMENT OF DIVIDEND, TOTAL ISSUED SHARE CAPITAL WILL AMOUNT TO EUR 182,210,600.20, REPRESENTING 911,053,001 COMMON SHARES.AFTER DEDUCTION OF TREASURY SHARES, TOTAL NUMBER OF OUTSTANDING SHARES WILL BE 909,395,209 SHARES.  Full Article

Chinese firms eye Philips' home appliances unit in up to $3.6 billion deal - sources

HONG KONG/FRANKFURT Chinese firms Joyoung and Gree Electric are among those eyeing the domestic appliances business of Dutch conglomerate Philips' in a deal worth up to 3 billion euros ($3.6 billion), people with knowledge of the matter said.