Edition:
United States

Koninklijke Philips NV (PHG.N)

PHG.N on New York Stock Exchange

35.43USD
24 May 2017
Change (% chg)

$0.10 (+0.28%)
Prev Close
$35.33
Open
$35.28
Day's High
$35.45
Day's Low
$35.21
Volume
212,580
Avg. Vol
338,445
52-wk High
$36.48
52-wk Low
$23.00

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 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

Philips and Phoenix Children's Hospital sign 15-year agreement
Tuesday, 7 Mar 2017 09:03am EST 

Koninklijke Philips NV : And Phoenix Children's Hospital sign 15-year agreement to redefine imaging, patient monitoring and clinical informatics in pediatric care .Announced a long-term strategic partnership with a total value of up to 65 million dollars.  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