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Philips Lighting NV (LIGHT.AS)

LIGHT.AS on Amsterdam Stock Exchange

29.01EUR
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Philips Lighting repurchases shares from Royal Philips for 90 mln euros
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Philips Lighting Nv ::Reg-Philips Lighting repurchases shares from Royal Philips for an aggregate amount of Eur 90 million.‍Repurchased 2.8 million of its shares for an aggregate amount of approximately Eur 90 million​.‍Repurchase will be financed from company's own funds​.Repurchase is part of accelerated bookbuild offering by Royal Philips to institutional investors of 17.1 million shares in co at price of Eur 32 per share.‍Royal Philips has announced that following transaction, it will no longer have control over Philips Lighting​.Repurchase ‍in line with co's previous announcement that it will return up to Eur 300 million to its shareholders over period 2017-2018​.  Full Article

Koninklijke Philips Orders For Philips Lighting Stake Sale Below 32 Euros Risk Missing Deal - bookrunner
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - KONINKLIJKE PHILIPS' BOOKRUNNER SAYS: :ORDERS FOR PHILIPS LIGHTING STAKE SALE, BELOW 32 EUROS RISK MISSING DEAL; BOOKS EXPECTED TO CLOSE 6:30PM UK TIME ‍​.  Full Article

Royal Philips says to sell 17.1 mln shares in Philips Lighting ‍​
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Koninklijke Philips NV ::ANNOUNCES LAUNCH OF ACCELERATED BOOKBUILD OFFERING OF ABOUT 17.1 MILLION SHARES IN PHILIPS LIGHTING N.V. CURRENTLY OWNED BY ROYAL PHILIPS ‍​.AS PART OF TRANSACTION, PHILIPS LIGHTING IRREVOCABLY COMMITTED TO PLACE AN ORDER IN OFFERING TO REPURCHASE 2.8 MILLION SHARES‍​.BOOK IS OPEN WITH IMMEDIATE EFFECT, TRANSACTION IS EXPECTED TO SETTLE ON FRIDAY 1 DECEMBER, 2017‍​.PHILIPS LIGHTING WILL NOT RECEIVE ANY PROCEEDS FROM THE OFFERING.TRANSACTION IS IN LINE WITH ROYAL PHILIPS' STATED OBJECTIVE TO FULLY SELL DOWN ITS STAKE IN PHILIPS LIGHTING OVER NEXT YEARS.  Full Article

‍Philips Teams With 3D Systems And Stratasys​
Monday, 27 Nov 2017 

Nov 27 (Reuters) - KONINKLIJKE PHILIPS NV ::‍PHILIPS TEAMS WITH 3D PRINTING INDUSTRY LEADERS 3D SYSTEMS AND STRATASYS​.  Full Article

Koninklijke Philips ‍reiterates its targets for 2017 - 2020 period​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - KONINKLIJKE PHILIPS NV ::‍REITERATES ITS TARGETS OF 4% - 6% COMPARABLE SALES GROWTH FOR 2017 - 2020 PERIOD​.‍REITERATES ITS TARGETS OF ADJUSTED EBITA MARGIN IMPROVEMENT OF 100 BASIS POINTS ON AVERAGE ANNUALLY FOR 2017 - 2020 PERIOD​.‍EXPECTS GENERATE APPROXIMATELY EUR 1 BILLION - EUR 1.5 BILLION OF FREE CASH FLOW ANNUALLY ​.‍EXPECTS IMPROVEMENT OF RETURN ON INVESTED CAPITAL (ROIC) TO MID-TO-HIGH TEENS BY 2020​.  Full Article

Koninklijke Philips starts share repurchase program for up to 150 million euros
Monday, 30 Oct 2017 

Oct 30 (Reuters) - KONINKLIJKE PHILIPS NV ::INITIATES SHARE REPURCHASE PROGRAM FOR AN AMOUNT OF UP TO EUR 150 MILLION.‍SHARE REPURCHASE PROGRAM STARTS ON OCT 30 AND IS EXPECTED TO BE COMPLETED BEFORE DEC 31.  Full Article

Philips Lighting Q3 adjusted EBITDA up at 176 million euros
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - PHILIPS LIGHTING NV ::Q3 ADJUSTED EBITA EUR ‍​176 MILLION VERSUS EUR 176 MILLION IN REUTERS POLL.REUTERS POLLS:Q3 NET IMCOME EUR 87.4 MILLION; Q3 SALES EUR 1.73 BILLION.‍Q3 SALES OF EUR 1,684 MILLION, WITH AN INCREASE IN COMPARABLE SALES OF 1.3%​.Q3 NET INCOME EUR 110‍​ MILLION VERSUS EUR 51 MILLION YEAR AGO.‍ON TRACK TO IMPROVE OUR ADJUSTED EBITA MARGIN BY 50-100 BASIS POINTS FOR FULL YEAR​.‍ ADJUSTED EBITA MARGIN GUIDANCE EXCLUDING A EUR 15 MILLION REAL ESTATE GAIN IN Q2​.‍EXPECT A STRONG FREE CASH FLOW IN Q4 BASED ON A SUBSTANTIAL REDUCTION IN INVENTORIES​.  Full Article

Philips' subsidiary Philips North America LLC reaches agreement with U.S. DoJ, representing FDA
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS REACHES AGREEMENT WITH THE U.S. GOVERNMENT ON A CONSENT DECREE FOCUSING ON THE COMPANY’S DEFIBRILLATOR MANUFACTURING IN THE U.S..ITS SUBSIDIARY PHILIPS NORTH AMERICA LLC REACHED AGREEMENT ON CONSENT DECREE WITH U.S. DOJ, REPRESENTING FDA‍​.‍ANTICIPATES AN EBITA IMPACT OF APPROXIMATELY EUR 20 MILLION IN Q4 OF 2017 AND APPROXIMATELY EUR 60 MILLION IN 2018​.AGREEMENT ON CONSENT DECREE RELATED TO COMPLIANCE WITH CURRENT GOOD MANUFACTURING PRACTICE REQUIREMENTS ARISING FROM PAST INSPECTIONS IN AND BEFORE 2015.DECREE WILL BECOME EFFECTIVE ONCE IT IS APPROVED BY THE U.S. DISTRICT COURT FOR THE DISTRICT OF MASSACHUSETTS..INSPECTIONS IN AND BEFORE 2015 PRIMARILY ON PHILIPS’ ECR BUSINESS OPERATIONS IN ANDOVER (MASSACHUSETTS) AND BOTHELL (WASHINGTON).UNDER DECREE, PHILIPS WILL SUSPEND MANUFACTURE AND DISTRIBUTION OF EXTERNAL DEFIBRILLATORS MANUFACTURED AT THESE FACILITIES.SUSPENSION, SUBJECT TO CERTAIN EXCEPTIONS, UNTIL FDA CERTIFIES FACILITIES’ COMPLIANCE WITH QUALITY SYSTEM REGULATION.IMPACTS ON EDBITDA RELATE TO SUSPENSION OF PRODUCTION, PROFIT DISGORGEMENT PAYMENTS AND INCREMENTAL COSTS TO PREPARE FOR AND HANDLE THE REGULATORY INSPECTIONS.AMOUNTS WILL NOT IMPACT ADJUSTED EBITA IN 2017 AND 2018, RESPECTIVELY.COMBINED SALES OF EXTERNAL DEFIBRILLATOR PRODUCT LINES AFFECTED BY TERMS OF DECREE WAS ABOUT EUR 35 MILLION PER QUARTER IN 2016.  Full Article

Philips announces pricing terms of tender offer for outstanding notes
Tuesday, 4 Oct 2016 

Koninklijke Philips NV :Announces pricing terms of tender offer for certain outstanding notes.  Full Article

Philips announces early tender results of offer for certain outstanding notes
Tuesday, 4 Oct 2016 

Koninklijke Philips Nv : Announces early tender results of offer for certain outstanding notes . Approx. $285 million in aggregate principal amount of notes was validly tendered and not validly withdrawn at or before 5:00 p.m., New York City time, on Oct. 3 Further company coverage: [PHG.AS] (Gdynia Newsroom:) ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).  Full Article

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Big firms call on EU to set 35 percent renewable power supplies target

BRUSSELS A group of big technology, industry and power companies have called on the European Union to set a target for renewables of at least 35 percent when EU energy ministers meet next week.