Edition:
United States

Koninklijke Philips NV (PHG.N)

PHG.N on New York Stock Exchange

34.55USD
24 Apr 2017
Change (% chg)

$1.90 (+5.82%)
Prev Close
$32.65
Open
$34.46
Day's High
$34.75
Day's Low
$34.15
Volume
573,978
Avg. Vol
319,171
52-wk High
$34.75
52-wk Low
$23.00

Latest Key Developments (Source: Significant Developments)

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

Philips Lighting expands recall of metal halide lamps
Wednesday, 1 Mar 2017 12:15pm EST 

Philips Lighting NV :Philips lighting expands recall of metal halide lamps due to fire and laceration hazards.  Full Article

Philips receives FDA 510(k) clearance to market its ElastQ imaging shear wave
Monday, 27 Feb 2017 08:00am EST 

Koninklijke Philips NV :Philips receives FDA 510(k) clearance to market its ElastQ imaging shear wave elastography for non-invasive assessment of tissue stiffness of the liver.  Full Article

Philips partners with German startup Onelife Health in mother and child care
Monday, 27 Feb 2017 03:19am EST 

Koninklijke Philips NV : Philips teams up with German startup Onelife Health to expand its digital health services in mother and child care .As part of agreement, Philips has acquired a minority interest in Onelife Health.  Full Article

Philips announces offering of 22.25 mln shares in Philips Lighting
Wednesday, 8 Feb 2017 12:07pm EST 

Philips Lighting NV : Philips announced an accelerated bookbuild offering to institutional investors of approximately 22.25 million shares in Philips Lighting . Philips Lighting has irrevocably committed to place an order in the offering to repurchase 3.5 million shares Further company coverage: [LIGHT.AS] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

More From Around the Web

Philips core earnings up 18 pct despite soft sales growth

AMSTERDAM, April 24 Philips, the maker of medical devices and healthcare products, reported on Monday better than expected core earnings of 442 million euros ($480 million) for the first quarter, up 18 percent, despite weak sales growth.