Edition:
United Kingdom

Koninklijke Philips NV (PHG.AS)

PHG.AS on Amsterdam Stock Exchange

37.06EUR
17 Jun 2019
Change (% chg)

-- (--)
Prev Close
€37.06
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
2,372,013
52-wk High
€40.01
52-wk Low
€29.05

Latest Key Developments (Source: Significant Developments)

Philips: Alverno Laboratories Network To Use Philips Intellisite Pathology Solution
Thursday, 23 May 2019 

May 23 (Reuters) - KONINKLIJKE PHILIPS NV ::ALVERNO LABORATORIES NETWORK WILL USE PHILIPS INTELLISITE PATHOLOGY SOLUTION TO ASSESS AND DIAGNOSE ALL CLINICAL HISTOLOGY CASES DIGITALLY.  Full Article

Rutherford Diagnostics And Philips Agree 10 Year Partnership
Tuesday, 14 May 2019 

May 14 (Reuters) - KONINKLIJKE PHILIPS NV ::RUTHERFORD DIAGNOSTICS AND PHILIPS AGREE 10 YEAR PARTNERSHIP TO IMPROVE DIAGNOSTIC SERVICES AND PATIENT OUTCOMES ACROSS ENGLAND.FIRST THREE COMMUNITY DIAGNOSTIC CENTERS ARE DUE TO GO LIVE IN 2020, WITH REMAINING TWO IN 2021.AGREEMENT AIMS TO DELIVER FIRST CLASS, PATIENT-CENTERED DIAGNOSTIC SERVICES.FIRST SITE IS EXPECTED TO WELCOME PATIENTS IN LIVERPOOL IN 2020.  Full Article

Philips Collaborates With Medtronic On Image-Guided Treatment Of Atrial Fibrillation
Thursday, 9 May 2019 

May 9 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS ANNOUNCES COLLABORATION WITH MEDTRONIC TO FURTHER ADVANCE THE IMAGE-GUIDED TREATMENT OF ATRIAL FIBRILLATION.THROUGH AGREEMENT, MEDTRONIC WILL FACILITATE SALES OF PRODUCTS ON BEHALF OF PHILIPS.PHILIPS WILL BRING TO MARKET NOVEL KODEX-EPD CARDIAC IMAGING AND NAVIGATION SYSTEM WITH CRYOABLATION SPECIFIC FEATURES.INTEGRATED SOLUTION TO SUPPORT CRYOABLATION PROCEDURES IS INTENDED TO BE AVAILABLE FOR SALE IN U.S. AND EUROPE IN Q4 2019.  Full Article

Philips Q1 EBITDA Up At EUR 314 MLN
Monday, 29 Apr 2019 

April 29 (Reuters) - Koninklijke Philips NV ::PHILIPS DELIVERS Q1 SALES OF EUR 4.2 BILLION, WITH 2% COMPARABLE SALES GROWTH; INCOME FROM CONTINUING OPERATIONS INCREASED TO EUR 171 MILLION AND ADJUSTED EBITA MARGIN IMPROVED TO 8.8%.Q1 ADJUSTED EBITA MARGIN WAS 8.8% OF SALES, COMPARED TO 8.7% OF SALES IN Q1 2018.Q1 SALES AMOUNTED TO EUR 4.2 BILLION, WITH 2% COMPARABLE SALES GROWTH.Q1 OPERATING CASH FLOW AMOUNTED TO EUR 14 MILLION, COMPARED TO EUR 92 MILLION IN Q1 2018.Q1 FREE CASH OUTFLOW WAS EUR 206 MILLION, COMPARED TO EUR 47 MILLION IN Q1 2018.WE CONTINUE TO EXPECT OUR PERFORMANCE MOMENTUM TO IMPROVE OVER COURSE OF YEAR - CEO.WE REAFFIRM OUR OVERALL TARGETS OF 4-6% COMPARABLE SALES GROWTH - CEO.WE REAFFIRM OUR OVERALL TARGET OF AN ADJUSTED EBITA MARGIN IMPROVEMENT OF 100 BASIS POINTS ON AVERAGE PER YEAR FOR 2017-2020 PERIOD - CEO.Q1 INCOME FROM CONTINUING OPERATIONS EUR 171 MILLION VERSUS EUR 94 MILLION YEAR AGO.Q1 EBITDA AT EUR 314 MLN VERSUS EUR 263 MLN YOY.  Full Article

Koninklijke Philips To Acquire Healthcare Information Systems Business Of Carestream Health
Thursday, 7 Mar 2019 

March 7 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS EXPECTS TO COMPLETE TRANSACTION IN SECOND HALF OF 2019.TO EXPAND ITS RADIOLOGY INFORMATICS PORTFOLIO WITH ACQUISITION OF HEALTHCARE INFORMATION SYSTEMS BUSINESS OF CARESTREAM HEALTH.FINANCIAL DETAILS OF TRANSACTION WERE NOT DISCLOSED.HEALTHCARE INFORMATION SYSTEMS WILL BECOME PART OF PHILIPS' HEALTHCARE INFORMATICS BUSINESS WITHIN DIAGNOSIS & TREATMENT SEGMENT.  Full Article

Signify Completes Cancellation Of 9.7 Million Shares
Monday, 31 Dec 2018 

Dec 31 (Reuters) - SIGNIFY NV ::REG-SIGNIFY COMPLETES CANCELLATION OF 9.7 MILLION SHARES.  Full Article

Koninklijke Philips Expands Senior Living Resident Safety Solutions Portfolio Via Acquisition Of Blue Willow Systems
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - KONINKLIJKE PHILIPS NV ::EXPANDS SENIOR LIVING RESIDENT SAFETY SOLUTIONS PORTFOLIO VIA ACQUISITION OF BLUE WILLOW SYSTEMS.FURTHER EXPANDS ITS SENIOR LIVING PORTFOLIO THROUGH COLLABORATION WITH INOVONICS.  Full Article

Philips And Children's Health Work To Innovate Patient Monitoring In Dallas
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS AND CHILDREN'S HEALTH WORK TO INNOVATE PATIENT MONITORING IN DALLAS.UP TO 15-YEAR, LONG-TERM, STRATEGIC AGREEMENT WORTH UP TO USD $75 MILLION.  Full Article

Signify Says It Will Not Deliver Positive FY Comparable Sales Growth
Friday, 27 Jul 2018 

July 27 (Reuters) - SIGNIFY NV ::REG-SIGNIFY'S SECOND QUARTER & HALF YEAR RESULTS 2018.Q2 NET INCOME OF EUR 29 MILLION (Q2 2017: EUR 73 MILLION).SIGNIFY HAS DECIDED TO REVISE ITS SALES OUTLOOK FOR 2018..Q2 SALES OF EUR 1,537 MILLION; A COMPARABLE DECREASE OF 3.4%.COMPANY EXPECTS ITS COMPARABLE SALES GROWTH IN SECOND HALF TO IMPROVE COMPARED WITH FIRST HALF.Q2 SALES OF EUR 1,537 MILLION; A COMPARABLE DECREASE OF 3.4%.HOWEVER, IMPROVEMENT IS NOT EXPECTED TO BE SUFFICIENT TO DELIVER POSITIVE COMPARABLE SALES GROWTH FOR FULL YEAR..WE HAVE DECIDED TO REVISE OUR SALES OUTLOOK FOR YEAR -CEO.Q2 ADJUSTED. EBITA OF EUR 130 MILLION (Q2 2017: EUR 159 MILLION), IMPACTED BY CURRENCY EFFECTS OF EUR -22 MILLION.MAINTAINS ITS EARLIER OUTLOOK TO IMPROVE ADJUSTED EBITA MARGIN FROM 9.6% IN 2017 TO 10.0-10.5% IN 2018.Q2 ADJUSTED. EBITA MARGIN OF 8.4% (Q2 2017: 9.4%), INCLUDING A CURRENCY IMPACT OF -80 BASIS POINTS.WE EXPECT OUR SALES GROWTH PERFORMANCE TO IMPROVE IN SECOND HALF, BUT THIS WILL NOT BE ENOUGH TO DELIVER POSITIVE COMPARABLE SALES GROWTH FOR FULL YEAR -CEO.WE CONFIRM OUR PROFITABILITY AND CASH FLOW OUTLOOK FOR YEAR -CEO.CONTINUES TO EXPECT TO GENERATE A SOLID FREE CASH FLOW IN 2018, WHICH WILL BE SOMEWHAT LOWER THAN LEVEL IN 2017.MAINTAINS ITS EARLIER OUTLOOK TO IMPROVE ADJUSTED EBITA MARGIN FROM 9.6% IN 2017 TO 10.0-10.5% IN 2018, ALBEIT AT LOWER END OF RANGE..Q2 REUTERS POLL: SALES EUR 1.56 BLN; ADJ. EBITA EUR 133 MLN; NET INCOME EUR 42.3 MLN.  Full Article

Philips To Buy EPD Solutions
Tuesday, 5 Jun 2018 

June 5 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS TO EXPAND ITS IMAGE-GUIDED THERAPY PORTFOLIO WITH ACQUISITION OF EPD SOLUTIONS.TRANSACTION IS EXPECTED TO BE COMPLETED IN JULY, 2018.PHILIPS WILL ACQUIRE EPD FOR AN UPFRONT CASH CONSIDERATION OF EUR 250 MILLION.EXPECTS TO RECOGNIZE A PROVISION OF APPROXIMATELY EUR 210 MILLION UPON COMPLETION OF TRANSACTION.PHILIPS WILL ACQUIRE EPD ALSO FOR DEFERRED, MILESTONE DEPENDENT PAYMENTS.PROVISION IS IN CONNECTION WITH CONTINGENT PAYMENTS.EPD AND ITS EMPLOYEES WILL BECOME PART OF PHILIPS’ IMAGE-GUIDED THERAPY BUSINESS.  Full Article

Photo

Philips upbeat on digital care as patients warm to data sharing

AMSTERDAM Dutch health technology company Philips expects sales at its digital care business to grow this year as patients see the benefits of sharing more medical data with doctors, Chief Executive Frans van Houten told Reuters.