Philips' Q3 core profit jumps 32% as Covid spurs demand Dutch health technology company Philips has reported a much better-than-expected 32% jump in third-quarter core earnings, as the coronavirus pandemic spurred demand for hospital equipment needed to help patients battling the disease. Business • 19 Oct 20
Philips' Q3 core profit jumps 32% as Covid spurs demand Dutch health technology company Philips has reported a much better-than-expected 32% jump in third-quarter core earnings, as the coronavirus pandemic spurred demand for hospital equipment needed to help patients battling the disease. Business • 19 Oct 20
Home Smart Home: How to make your house brighter Having once been the preserve of science fiction, smart home technology is now more accessible than ever - and affordable too. Business • 12 Sep 20
Home Smart Home: How to make your house brighter Having once been the preserve of science fiction, smart home technology is now more accessible than ever - and affordable too. Business • 12 Sep 20
US scraps Philips ventilator order in earnings blow Philips said the US Department of Health had cancelled most of an order for 43,000 ventilators, leading the Dutch medical equipment maker to cut its 2020 earnings outlook. Business • 04 Sep 20
US scraps Philips ventilator order in earnings blow Philips said the US Department of Health had cancelled most of an order for 43,000 ventilators, leading the Dutch medical equipment maker to cut its 2020 earnings outlook. Business • 04 Sep 20
Philips drops its outlook for 2020 due to Covid-19 Dutch health technology company Philips has today dropped its outlook for the rest of the year, as the global coronavirus outbreak took a large bite out of its first-quarter earnings while the second quarter was set to be even worse. Business • 20 Apr 20
Philips drops its outlook for 2020 due to Covid-19 Dutch health technology company Philips has today dropped its outlook for the rest of the year, as the global coronavirus outbreak took a large bite out of its first-quarter earnings while the second quarter was set to be even worse. Business • 20 Apr 20
Philips says virus outbreak will impact Q1 results Dutch health technology company Philips today said it expects the effects of the coronavirus outbreak to impact its financial results in the first quarter of this year. Business • 25 Feb 20
Philips says virus outbreak will impact Q1 results Dutch health technology company Philips today said it expects the effects of the coronavirus outbreak to impact its financial results in the first quarter of this year. Business • 25 Feb 20
Philips to sell domestic appliances business Dutch health technology company Philips said today it is looking to sell its domestic appliances division, whose coffee machines, air purifiers and airfryers generated €2.3 billion in sales last year. Business • 28 Jan 20
Philips to sell domestic appliances business Dutch health technology company Philips said today it is looking to sell its domestic appliances division, whose coffee machines, air purifiers and airfryers generated €2.3 billion in sales last year. Business • 28 Jan 20
Trade tariffs will make Philips miss 2019 margin goal Philips said today that trade tariffs and poor results at its Connected Care arm meant the Dutch healthcare technology firm would miss its 2019 target for profit margin improvement. Business • 10 Oct 19
Trade tariffs will make Philips miss 2019 margin goal Philips said today that trade tariffs and poor results at its Connected Care arm meant the Dutch healthcare technology firm would miss its 2019 target for profit margin improvement. Business • 10 Oct 19
Chinese spending helps boost Philips sales growth Rising healthcare spending by the Chinese government helped Dutch health technology company Philips post better-than-expected sales growth for the second quarter, putting its shares among the top performers in Europe on Monday. Business • 22 Jul 19
Chinese spending helps boost Philips sales growth Rising healthcare spending by the Chinese government helped Dutch health technology company Philips post better-than-expected sales growth for the second quarter, putting its shares among the top performers in Europe on Monday. Business • 22 Jul 19
Philips' Q1 core profit misses estimates on bleak sales Dutch health technology company Philips has reported a 6% rise in first-quarter core earnings, but missed analysts' expectations on bleak sales growth. Business • 29 Apr 19
Philips' Q1 core profit misses estimates on bleak sales Dutch health technology company Philips has reported a 6% rise in first-quarter core earnings, but missed analysts' expectations on bleak sales growth. Business • 29 Apr 19
Philips shifts millions of production due to trade war The trade war between Washington and Beijing is forcing Dutch health technology firm Philips to move "hundreds of millions" of euros worth of production from the US to China, and vice versa, to avoid punitive tariffs. Business • 29 Jan 19
Philips shifts millions of production due to trade war The trade war between Washington and Beijing is forcing Dutch health technology firm Philips to move "hundreds of millions" of euros worth of production from the US to China, and vice versa, to avoid punitive tariffs. Business • 29 Jan 19
Philips Q3 profit rises less than expected Dutch healthcare technology company Philips said its core profit in the third quarter rose 6.8% to €568m, missing analyst estimates despite rising sales and improving margins. Business • 22 Oct 18
Philips Q3 profit rises less than expected Dutch healthcare technology company Philips said its core profit in the third quarter rose 6.8% to €568m, missing analyst estimates despite rising sales and improving margins. Business • 22 Oct 18
Electronics giant Philips posts 15% leap in Q2 profits Dutch electronics giant Philips today posted a 15% hike in net profits for the second quarter, just months after listing its lighting division separately on the Amsterdam bourse. Business • 23 Jul 18
Electronics giant Philips posts 15% leap in Q2 profits Dutch electronics giant Philips today posted a 15% hike in net profits for the second quarter, just months after listing its lighting division separately on the Amsterdam bourse. Business • 23 Jul 18
Electronics giant Philips posts 27% drop in Q1 profits Dutch electronics giant Philips has today posted a 27% drop in first quarter profits, hit partly by the costs of restructuring and some acquisitions as it evolves its portfolio. Business • 23 Apr 18
Electronics giant Philips posts 27% drop in Q1 profits Dutch electronics giant Philips has today posted a 27% drop in first quarter profits, hit partly by the costs of restructuring and some acquisitions as it evolves its portfolio. Business • 23 Apr 18
Philips posts Q4 sales growth on higher order intake Dutch health technology company Philips said today that its fourth-quarter sales grew 5% to €5.3 billion, buoyed by a rise in orders for high-end hospital equipment. Business • 30 Jan 18
Philips posts Q4 sales growth on higher order intake Dutch health technology company Philips said today that its fourth-quarter sales grew 5% to €5.3 billion, buoyed by a rise in orders for high-end hospital equipment. Business • 30 Jan 18
Philips growth spurred by toothbrush demand in China Strong demand for its electric toothbrushes in China helped Dutch healthcare technology company Philips to a 4% rise in sales in the third quarter, on track to hit its full-year target. Business • 23 Oct 17
Philips growth spurred by toothbrush demand in China Strong demand for its electric toothbrushes in China helped Dutch healthcare technology company Philips to a 4% rise in sales in the third quarter, on track to hit its full-year target. Business • 23 Oct 17
Philips sees profit hit from US defibrillator blow Health technology company Philips is suspending the manufacture of some defibrillators in the US and will make others under heightened scrutiny following criticisms from US regulators. Business • 11 Oct 17
Philips sees profit hit from US defibrillator blow Health technology company Philips is suspending the manufacture of some defibrillators in the US and will make others under heightened scrutiny following criticisms from US regulators. Business • 11 Oct 17
Philips to buy medical device maker Spectranetics Philips has agreed to buy US-based Spectranetics, a maker of devices to treat heart disease, for €1.9 billion including debt, as it expands its image-guided therapy business. Business • 28 Jun 17
Philips to buy medical device maker Spectranetics Philips has agreed to buy US-based Spectranetics, a maker of devices to treat heart disease, for €1.9 billion including debt, as it expands its image-guided therapy business. Business • 28 Jun 17
Philips' third quarter profits miss targets Dutch healthcare technology and services company Philips today reported a 47% jump in third quarter earnings as sales and margins rose, but narrowly missed analysts' estimates. Business • 24 Oct 16
Philips' third quarter profits miss targets Dutch healthcare technology and services company Philips today reported a 47% jump in third quarter earnings as sales and margins rose, but narrowly missed analysts' estimates. Business • 24 Oct 16
Philips buys Belfast medical imaging company Philips, the Dutch medical technology company, has purchased PathXL, a Belfast-based digital imaging analysis and software company. Business • 21 Jun 16
Philips buys Belfast medical imaging company Philips, the Dutch medical technology company, has purchased PathXL, a Belfast-based digital imaging analysis and software company. Business • 21 Jun 16
Philips Lighting shines in stock market debut Philips Lighting enjoyed a positive first day of trading as a newly independent company today after its Dutch parent spun off the business upon which it was founded over 120 years ago. Business • 27 May 16
Philips Lighting shines in stock market debut Philips Lighting enjoyed a positive first day of trading as a newly independent company today after its Dutch parent spun off the business upon which it was founded over 120 years ago. Business • 27 May 16
Philips seeks to raise €694m in Lighting IPO Philips is seeking to raise at least €694m by selling a 25% stake in its lighting division in an initial public offering of shares. Business • 16 May 16
Philips seeks to raise €694m in Lighting IPO Philips is seeking to raise at least €694m by selling a 25% stake in its lighting division in an initial public offering of shares. Business • 16 May 16
Philips to seek IPO for Philips Lighting division Medical equipment and technology firm Philips said today it will spin off its lighting division, the world's largest maker of lights, in an initial public offering of shares. Business • 03 May 16
Philips to seek IPO for Philips Lighting division Medical equipment and technology firm Philips said today it will spin off its lighting division, the world's largest maker of lights, in an initial public offering of shares. Business • 03 May 16
Electronics giant Philips posts 55% jump in profit Dutch electronics giant Philips has unveiled solid net profits for last year, up 55% on 2014, driven by increased sales in its healthcare and lifestyle business. Business • 26 Jan 16
Electronics giant Philips posts 55% jump in profit Dutch electronics giant Philips has unveiled solid net profits for last year, up 55% on 2014, driven by increased sales in its healthcare and lifestyle business. Business • 26 Jan 16
Philips' sale of lighting unit to US group off Philips suffered a major setback in plans to dispose of its big lighting division as a $3.3 billion deal to sell its components business to a consortium of Asian buyers broke down over US national security objections. Business • 22 Jan 16
Philips' sale of lighting unit to US group off Philips suffered a major setback in plans to dispose of its big lighting division as a $3.3 billion deal to sell its components business to a consortium of Asian buyers broke down over US national security objections. Business • 22 Jan 16
Philips' profits rise on medical equipment sales Rising sales of medical equipment helped drive a 12% increase in second quarter net profit at Dutch electronics manufacturer Philips, the company has said. Business • 27 Jul 15
Philips' profits rise on medical equipment sales Rising sales of medical equipment helped drive a 12% increase in second quarter net profit at Dutch electronics manufacturer Philips, the company has said. Business • 27 Jul 15
