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Koninklijke Philips NV (PHG.AS)

PHG.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Koninklijke Philips teams up with N-of-One
Monday, 14 Nov 2016 04:20am EST 

Koninklijke Philips NV : Reported on Friday Philips teams up with molecular decision support leader N-of-One to speed up clinical interpretation of cancer genomics .Alliance aims to fortify precision medicine oncology decision support for clinicians.  Full Article

Koninklijke Philips: WMCHealth launches new precision medicine initiative powered by Philips IntelliSpace Genomics
Monday, 14 Nov 2016 04:09am EST 

Koninklijke Philips NV :Reported on Friday Westchester Medical Center Health Network cancer profiling will use Philips IntelliSpace Genomics to integrate genomic sequencing analysis with complete patient data to tailor treatment in New York’s Hudson Valley.  Full Article

Masimo and Philips to end all pending lawsuits
Monday, 7 Nov 2016 02:00am EST 

Masimo Corp and Koninklijke Philips NV : Philips and Masimo corporation announced a wide-ranging, multi-year business partnership involving both companies' innovations in patient monitoring and therapy solutions . Business partnership involves technology integration and marketing and sales cooperation in North America and certain markets in Asia and Europe .Agreement ends all pending lawsuits between two companies and, in addition to marketing and integration commitments, includes a cash payment of $300 million by Philips to Masimo.  Full Article

Philips Q3 adjusted EBITA rises to 649 million euros
Monday, 24 Oct 2016 01:27am EDT 

Koninklijke Philips Nv : Philips reports Q3 sales of 5.9 billion euros ($6.41 billion), a 14 pct improvement in adjusted EBITA to 649 million euros, and an 18 pct increase in net income to eur 383 million . Q3 adjusted EBITA amounted to 649 million euros, or 11.0 pct of sales, compared to 9.8 pct of sales in Q3 2015 . Q3 EBITA totaled 567 million euros, or 9.6 pct of sales, compared to 7.4 pct of sales in Q3 2015 . Q3 income from operations (EBIT) amounted to 481 million euros, compared to 342 million euros in Q3 2015 . Q3 net income amounted to 383 million euros, compared to 324 million euros in Q3 2015 . Q3 operating cash flow totaled 500 million euros, compared to 281 million euros in Q3 2015 . Outlook for 2016 remains unchanged . Q3 sales eur 5.95 billion in Reuters poll . Q3 net income eur 196 million in Reuters poll .Q3 EBITA eur 522 million in Reuters poll.  Full Article

Philips lighting Q3 adjusted EBITA beats Reuters poll
Thursday, 20 Oct 2016 01:00am EDT 

Philips Lighting NV : Q3 adjusted EBITA of 175 million euros ($191.78 million)(Q3 2015: 139 million euros) . Q3 sales 1.7 billion euros . "We are on track to deliver an increase in year-on-year operational profitability and robust cash flow for the full year 2016" . Q3 net income of 51 million euros, including 30 million euros charges for brand license, separation costs and financial expenses not applicable in 2015 . Q3 net income 51 million euros versus 73 million euros year ago . "More cautious about comparable sales growth, as we anticipate softer market conditions in the middle east & Turkey" . "Conditions will likely delay our return to positive comparable sales growth beyond the fourth quarter into 2017" .Reuters poll - Q3 sales 1.81 billion euros; Q3 adjusted EBITA 157 million euros.  Full Article

Philips Lighting partners with Huawei for Philips Hue connected lightning system
Tuesday, 20 Sep 2016 03:00am EDT 

Philips Lighting NV : Huawei and Philips Lighting partner to unlock an ocean of possibilities . Philips Lighting and Huawei Technologies have signed a partnership agreement to ensure the seamless interoperability of the Philips Hue connected lighting system for the home with Huawei's OceanConnect Internet of Things (IoT) platform .Under agreement, Huawei will become 'Friends of Hue' partner and Philips Lighting an OceanConnect partner.  Full Article

Royal Philips appoints Sophie Bechu as Chief of Operations
Thursday, 1 Sep 2016 03:24am EDT 

Royal Philips : Philips appoints Sophie Bechu as Chief of Operations .Sophie Bechu joins Philips as of Sept. 1 from International Business Machines Corp.  Full Article

Koninklijke Philips Q2 net profit beats estimates
Monday, 25 Jul 2016 01:13am EDT 

Koninklijke Philips NV : Q2 sales 5.86 billion euros ($6.43 billion) versus 5.93 billion euros in Reuters poll . Q2 adjusted EBITA 544 million euros . Q2 EBITA 464 million euros . Q2 net income 431 million euros . Reuters poll: Q2 adjusted EBITA 534 million euros, EBITA 361 million euros, net profit 302 million euros . Outlook for 2016 remains unchanged .For H2 sees Philips Lighting separation costs of 65-85 million euros.  Full Article

Philips Lighting Q2 adjusted EBITA grows 16.2 pct
Friday, 22 Jul 2016 01:02am EDT 

Philips Lighting BV : Reports Q2 sales 1.73 billion euros ($1.91 billion) versus 1.85 billion euros a year ago . H1 adjusted EBITA margin of 8.2 pct (H1 2015: 7.0 pct) . H1 adjusted EBITA of 282 million euros (H1 2015: 249 million euros) . Q2 net income of 57 million euros, includes separation costs and brand license fee not applicable in 2015 . Q2 free cash flow of 60 million euros (Q2 2015: loss of million euros) . Expects restructuring and acquisition-related charges for the year 2016 to be in line with 1.5-2.0 pct of sales as previously indicated . Anticipate such charges to total approximately 60 million euros in the third quarter .Separation costs are expected to total approximately 20 million euros for the third quarter.  Full Article

Philips Lighting: Stéphane Rougeot appointed CFO
Friday, 22 Jul 2016 01:00am EDT 

Philips Lighting Bv : Philips lighting: Stéphane Rougeot appointed CFO of Philips Lighting .CFO appointment effective September 1, 2016.  Full Article

Factbox: Deals scuppered by U.S. regulatory scrutiny

Aixtron SE's takeover by China's Fujian Grand Chip Investment Fund may soon be on the list of deals called off due to increased U.S. regulatory scrutiny.