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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 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

Philips acquires Wellcentive
Wednesday, 20 Jul 2016 02:35am EDT 

Koninklijke Philips NV : Announces that it has signed an agreement to acquire Wellcentive, a US-based provider of population health management software solutions . Financial details of the transaction not to be disclosed Further company coverage: [LIGHT.AS] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).  Full Article

Fitch revises outlook on Royal Philips to stable from negative
Thursday, 14 Jul 2016 10:37am EDT 

Fitch Ratings : Fitch ratings says has revised outlook on royal philips to stable from negative .Revision of outlook follows completion of philips lighting ipo.  Full Article

Royal Philips acquires PathXL
Tuesday, 21 Jun 2016 08:00am EDT 

Royal Philips :Philips expands its digital pathology solutions portfolio with the acquisition of PathXL.  Full Article

Philips Lighting announces full exercise of over-allotment option
Monday, 13 Jun 2016 02:13am EDT 

Philips Lighting BV : Full exercise of Philips Lighting over-allotment option . Granted underwriters option to acquire up to 5.625 million additional issued ordinary shares at price of 20.00 euro per share .Total number offered shares amounts to 43.125 million shares, which represents 28.75 percent of shares.  Full Article

Philips Lighting aims to sell more than 2 billion LED-lamps in 2020
Friday, 3 Jun 2016 07:19am EDT 

Philips Lighting BV :Aims to sell more than 2 billion LED-lamps in 2020.  Full Article

Philips teams with Right at Home to commercially launch CareSensus
Tuesday, 31 May 2016 08:00am EDT 

Koninklijke Philips NV :Philips teams with global home care provider Right at Home to commercially launch CareSensus, connected sensors platform enabling remote care options for seniors.  Full Article

Philips receives 750 million euros from sale of shares in Philips Lighting
Tuesday, 31 May 2016 06:05am EDT 

Koninklijke Philips NV : Royal Philips has received 750 million euros ($836.10 million) in gross proceeds from the sale of 37.5 million existing ordinary shares in Philips Lighting . Has granted the underwriters an over‐allotment option to purchase up to approximately 5.625 million additional shares in Philips Lighting (up to 15 pct of the offered shares) at the offer price of 20.00 euro .Aims to sell all of its remaining shares over the next several years as Royal Philips will focus on its HealthTech businesses.  Full Article

UPDATE 2-Philips on course to hit profitability target as margins improve

* Company concerned about Brexit uncertainty (Adds CEO interview, share price)