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Koninklijke Philips NV (PHG.AS)

PHG.AS on Amsterdam Stock Exchange

32.48EUR
14 Dec 2018
Change (% chg)

€-0.45 (-1.37%)
Prev Close
€32.93
Open
€32.56
Day's High
€32.78
Day's Low
€32.31
Volume
2,485,766
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2,914,330
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€40.01
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€29.25

Latest Key Developments (Source: Significant Developments)

Koninklijke Philips CFO To Step Down From Signify's Supervisory Board Per December 31, 2018
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS CFO ABHIJIT BHATTACHARYA TO STEP DOWN FROM SIGNIFY'S SUPERVISORY BOARD.PHILIPS REITERATES ITS INTENTION TO FULLY SELL DOWN ITS STAKE OVER TIME.STEP DOWN FROM SIGNIFY’S SUPERVISORY BOARD PER DECEMBER 31, 2018.  Full Article

Koninklijke Philips Expects To Increase Annual Free Cash Flow To Above 1.5 Billion Euros In 2020
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - KONINKLIJKE PHILIPS NV ::EXPECTS TO INCREASE THE ANNUAL FREE CASH FLOW TO ABOVE EUR 1.5 BILLION IN 2020.REAFFIRMS TARGETS OF 4-6% COMPARABLE SALES GROWTH AND AN ADJUSTED EBITA MARGIN IMPROVEMENT OF 100 BASIS POINTS ON AVERAGE ANNUALLY FOR THE 2017–2020 PERIOD.REAFFIRMS IMPROVEMENT OF ORGANIC RETURN ON INVESTED CAPITAL (ROIC) TO MID-TO-HIGH TEENS IN 2020.INCREASED ITS PRODUCTIVITY PROGRAM FROM EUR 1.2 BILLION BY 2019, TO EUR 1.8 BILLION BY 2020.  Full Article

Royal Philips And Erasmus University Medical Center Enter Into 5-Year Strategic Partnership For Hospital-Wide Ultrasound
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS AND ERASMUS UNIVERSITY MEDICAL CENTER ENTER INTO 5-YEAR STRATEGIC PARTNERSHIP FOR HOSPITAL-WIDE ULTRASOUND.  Full Article

Koninklijke Philips To Re-Appoint CEO Frans Van Houten And CFO Abhijit Bhattacharya
Monday, 29 Oct 2018 

Oct 29 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS PROPOSES TO RE-APPOINT CEO FRANS VAN HOUTEN AND CFO ABHIJIT BHATTACHARYA.  Full Article

Signify Reports Third Quarter Sales Of EUR 1.6 Billion
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Signify Nv ::SIGNIFY REPORTS THIRD QUARTER SALES OF EUR 1.6 BILLION, IMPROVEMENT IN OPERATIONAL PROFITABILITY BY 150 BPS TO 12.0% AND FREE CASH FLOW TO EUR 64 MILLION.COMPANY EXPECTS ITS COMPARABLE SALES GROWTH IN SECOND HALF OF YEAR TO BE SIMILAR TO FIRST HALF..Q3 REUTERS POLL: SALES EUR 1.61 BILLION, ADJUSTED EBITA EUR 173 MILLION, NET INCOME EUR 79 MILLION.Q3 FREE CASH FLOW OF EUR 64 MILLION (Q3 2017: EUR -5 MILLION INCLUDING EUR 21 MILLION REAL ESTATE PROCEEDS).WORKING CAPITAL IMPROVED BY 240 BASIS POINTS TO 10.1% OF SALES.Q3 SALES OF EUR 1,594 MILLION; A COMPARABLE SALES GROWTH OF -3.2%.Q3 LED-BASED SALES REPRESENTED 70% OF TOTAL SALES (Q3 2017: 68%) AND GREW BY 0.1% ON A COMPARABLE BASIS.Q3 NET INCOME OF EUR 93 MILLION (Q3 2017: EUR 110 MILLION INCLUDING A NET REAL ESTATE GAIN OF EUR 21 MILLION), WITH EUR 8 MILLION HIGHER RESTRUCTURING COSTS COMPARED WITH LAST YEAR.FOR FY REMAINS CONFIDENT THAT IT WILL BE ABLE TO IMPROVE ADJUSTED EBITA MARGIN TO LOWER END OF 10.0-10.5% RANGE..CONTINUES TO EXPECT TO GENERATE A SOLID FREE CASH FLOW IN 2018,.Q3 ADJUSTED. EBITA MARGIN OF 12.0% (Q3 2017: 10.5%), INCLUDING A CURRENCY IMPACT OF -60 BASIS POINTS.IN Q3 CURRENCY COMPARABLE ADJUSTED. INDIRECT COSTS DOWN EUR 58 MILLION, A REDUCTION OF 11%, OR 260 BASIS POINTS OF SALES.Q3 ADJUSTED. EBITA OF EUR 191 MILLION (Q3 2017: EUR 176 MILLION), IMPACTED BY CURRENCY EFFECTS OF EUR -14 MILLION.  Full Article

Koninklijke Philips Initiates 5 Million Shares Repurchase Program
Monday, 22 Oct 2018 

Oct 22 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS INITIATES SHARE REPURCHASE PROGRAM FOR UP TO 5 MILLION SHARES TO COVER ITS LONG-TERM INCENTIVE AND EMPLOYEE STOCK PURCHASE PLANS.THE PROGRAM COMMENCES TODAY AND IS EXPECTED TO BE COMPLETED BEFORE NOVEMBER 10, 2018.  Full Article

Koninklijke Philips Reports Q3 Sales Of 4.3 Billion Euros
Monday, 22 Oct 2018 

Oct 22 (Reuters) - KONINKLIJKE PHILIPS NV ::Q3 RESULTS.Q3 SALES OF EUR 4.3 BILLION, WITH 4% COMPARABLE SALES GROWTH.Q3 NET INCOME FROM CONTINUING OPERATIONS INCREASED 17% TO EUR 307 MILLION, AND ADJUSTED EBITA MARGIN INCREASED 40 BASIS POINTS TO 13.2%.Q3 ADJUSTED EBITA MARGIN IMPROVED BY 40 BASIS POINTS TO 13.2% OF SALES, INCLUDING A 60 BASIS POINTS ADVERSE CURRENCY IMPACT, COMPARED TO 12.8% OF SALES IN Q3 2017.WE REITERATE OUR TARGETS FOR THE 2017–2020 PERIOD.Q3 OPERATING CASH FLOW TOTALED EUR 265 MILLION, COMPARED TO EUR 295 MILLION IN Q3 2017.Q3 INCOME FROM OPERATIONS (EBIT) INCREASED TO EUR 451 MILLION, COMPARED TO EUR 299 MILLION IN Q3 2017.OPERATING CASH FLOW IN Q3 2018 TOTALED EUR 265 MILLION, COMPARED TO EUR 295 MILLION IN Q3 2017.SALES IN THE QUARTER WERE EUR 4.3 BILLION, WITH COMPARABLE SALES GROWTH OF 4%.COMPARABLE ORDER INTAKE INCREASED 11% COMPARED TO Q3 2017.WITH YEAR-TO-DATE SAVINGS OF EUR 330 MILLION, PHILIPS IS WELL ON TRACK TO DELIVER ANNUAL SAVINGS OF EUR 400 MILLION IN 2018.REUTERS POLL: SALES: EUR 4.34 BILLION; EBITA: EUR 505 MILLION; NET INCOME EUR 319 MILLION.  Full Article

Philips And Integron Collaborate On Integrated Digital Health Solutions
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS AND INTEGRON COLLABORATE ON INTEGRATED DIGITAL HEALTH SOLUTIONS.  Full Article

Gibson Brands Reaches Global Settlement And Files Amended Plan Of Reorganization
Friday, 7 Sep 2018 

Sept 6 (Reuters) - Gibson Brands Inc [RIC:RIC:GIBSN.UL]::GIBSON BRANDS REACHES GLOBAL SETTLEMENT AND FILES AMENDED PLAN OF REORGANIZATION.GIBSON BRANDS INC - AMENDED PLAN TO PROVIDE SETTLEMENT OF THREATENED LITIGATION AGAINST GSO, SUPPORTING PRINCIPALS, AND OTHERS.GIBSON BRANDS - EFFECTIVE SEPT. 6, BRIAN FOX OF ALVAREZ AND MARSAL TO OVERSEE CO'S DAILY OPERATIONS IN ROLE AS CRO UNTIL CEO SUCCESSOR APPOINTED.GIBSON BRANDS - WHEN AMENDED PLAN IS CONFIRMED AND GOES EFFECTIVE, HENRY JUSZKIEWICZ WILL STEP DOWN FROM HIS POSITION AS CEO.GIBSON BRANDS - WILL BE SENDING NEW BALLOTS TO, EXTEND VOTING DEADLINE FOR HOLDERS OF CLAIMS IN CLASSES 6 AND 8 ONLY.GIBSON BRANDS INC - AMENDED PLAN TO PROVIDE SUSPENSION OF DISCOVERY AND LITIGATION OVER PLAN AND CERTAIN ASSERTED CLAIMS.GIBSON BRANDS - PLAN HAS BEEN AMENDED TO PROVIDE AGREED ALLOWANCE AND PLAN TREATMENT FOR GSO'S AND PHILIPS' CLAIMS AGAINST CO.GIBSON BRANDS INC - COMMITMENTS BY GSO CAPITAL PARTNERS LP , KONINKLIJKE PHILIPS N.V. , AND COMMITTEE TO SUPPORT CONFIRMATION OF AMENDED PLAN.GIBSON BRANDS INC - EXPECT GIBSON CAN EMERGE FROM CHAPTER 11 DURING Q4 OF THIS YEAR.  Full Article

Signify Starts 230 Million Euros Share Repurchase Program
Monday, 30 Jul 2018 

July 30 (Reuters) - SIGNIFY NV ::REG-SIGNIFY STARTS EUR 230 MILLION SHARE REPURCHASE PROGRAM.PROGRAM IS IN LINE WITH SIGNIFY'S ANNOUNCEMENT OF JULY 27, 2018 AND WILL START ON JULY 30, 2018..REPURCHASE PROGRAM REPRESENTS A TOTAL OF APPROXIMATELY 9.9 MILLION SHARES OR 7.2% OF COMPANY'S ISSUED SHARE CAPITAL.  Full Article

UPDATE 1-Lighting maker Signify Q3 core profit rises as cost cuts offset sales decline

AMSTERDAM, Oct 26 Dutch lighting maker Signify said third-quarter core profit rose 8 percent to 191 million euros ($217.1 million) due to cost cuts, beating analyst expectations, offsetting an ongoing decline in sales.