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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)

Philips acquires US-based Respirtech
Monday, 22 May 2017 02:09am EDT 

May 22 (Reuters) - KONINKLIJKE PHILIPS NV ::PHILIPS TO EXPAND ITS SLEEP & RESPIRATORY CARE BUSINESS WITH ACQUISITION OF US-BASED RESPIRTECH.SIGNED AN AGREEMENT TO ACQUIRE RESPIRATORY TECHNOLOGIES, INC. (RESPIRTECH).FINANCIAL DETAILS OF TRANSACTION WILL NOT BE DISCLOSED.TRANSACTION IS EXPECTED TO BE COMPLETED IN COMING MONTHS, SUBJECT TO CUSTOMARY CLOSING CONDITIONS.  Full Article

Philips Lighting to buy back up to 1.05 million shares
Monday, 22 May 2017 01:35am EDT 

May 22 (Reuters) - Philips Lighting NV ::PHILIPS LIGHTING STARTS SHARE BUYBACK PROGRAM OF UP TO 1.05 MILLION SHARES TO COVER PERFORMANCE SHARE PLANS.PROGRAM WILL START ON MAY 22, 2017 AND IS EXPECTED TO BE COMPLETED WITHIN THE NEXT THREE MONTHS.THE 1.05 MILLION SHARES INTENDED TO BE BOUGHT REPRESENT APPROXIMATELY 0.7% OF THE COMPANY'S ISSUED SHARE CAPITAL.  Full Article

Philips Lighting completes cancellation of 3.5 million shares
Thursday, 4 May 2017 11:40am EDT 

May 4 (Reuters) - Philips Lighting NV ::Philips Lighting completes cancellation of 3.5 million shares.  Full Article

Koninklijke Philips expands its EMR solution into European market
Wednesday, 26 Apr 2017 08:00am EDT 

April 26 (Reuters) - Koninklijke Philips NV ::Philips agreement with German Duren Hospital marks expansion of its next generation EMR solution into European market.Together with German public hospital, Philips will co-design and enterprise wide pilot Tasy.  Full Article

Philips Q1 net income jumps to 259 million euros
Monday, 24 Apr 2017 01:09am EDT 

April 24 (Reuters) - Koninklijke Philips NV ::Q1 net income amounted to EUR 259 million, compared to EUR 37 million in q1 2016.Q1 income from operations (EBIT) amounted to EUR 348 million, compared to EUR 199 million in Q1 2016.Q1 EBITA improved to EUR 437 million, or 7.6% of sales, compared to EUR 290 million, or 5.3% of sales, in Q1 2016.Q1 adjusted EBITA improved to EUR 442 million, or 7.7% of sales, compared to EUR 374 million, or 6.8% of sales, in Q1 2016.Q1 operating cash flow totaled EUR 343 million, compared to EUR 10 million in q1 2016.Q1 free cash flow of EUR 295 million, compared to an outflow of EUR 177 million in Q1 2016.Says outlook for 2017 remains unchanged: further operational improvements and comparable sales growth in year to be back-end loaded are expected.  Full Article

Philips Lighting Q1 net income beats Reuters poll
Friday, 21 Apr 2017 01:19am EDT 

April 21 (Reuters) - Philips Lighting NV ::Reports improvement in comparable sales growth, continued increase in operational profitability and free cash flow.Q1 Reuters poll: revenues EUR 1.67 billion ($1.79 billion); adjusted EBITA EUR 136 million; EBITA EUR 100 million; net income EUR 45 million.Q1 2017 sales of EUR 1,690 million.Q1 adjusted EBITA EUR 142 million versus EUR 136 million in Reuters poll.Q1 net income of EUR 61 million (Q1 2016: EUR 14 million).On track to further improve adjusted EBITA margin by approximately 50-100 basis points in 2017.In 2017 expects adjusted EBITA margin of 11-13 pct, expects to deliver solid free cash flow.Remains cautious given global economic uncertainty .  Full Article

Koninklijke Philips couples sustainability performance to interest rate of its new 1 billion euro revolving credit facility
Wednesday, 19 Apr 2017 02:18am EDT 

April 19 (Reuters) - Koninklijke Philips NV ::Signed an agreement with a consortium of sixteen banks for a new 1 billion euros ($1.07 billion) revolving credit facility.Couples sustainability performance to interest rate of its new eur 1 billion revolving credit facility.  Full Article

Philips appoints Jasper Westerink as CEO Philips Africa
Monday, 3 Apr 2017 03:25am EDT 

Koninklijke Philips Nv : Appointment of Jasper Westerink as chief executive officer (market leader) for Philips Africa based out of Johannesburg Further company coverage: [PHG.AS] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Philips to acquire Australian pharmacy sleep services company
Tuesday, 28 Mar 2017 01:38am EDT 

Koninklijke Philips NV : Said on Monday it has signed an agreement to acquire Australian Pharmacy Sleep Services (APSS), a pharmacy sleep testing company . The transaction is expected to be completed in the second quarter of 2017 .Financial details of the transaction will not be disclosed.  Full Article

Philips Lighting becomes official lighting partner for Cerezo Osaka
Thursday, 9 Mar 2017 04:02am EST 

Philips Lighting NV : Philips lighting becomes official lighting partner for Cerezo Osaka .Company plans to provide design, consultancy services and advanced led lighting technology for club's stadium and practice pitches.  Full Article

More From Around the Web

BRIEF-Philips acquires US-based Respirtech

* PHILIPS TO EXPAND ITS SLEEP & RESPIRATORY CARE BUSINESS WITH ACQUISITION OF US-BASED RESPIRTECH