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 Headquarters in Amsterdam, 2009 | |
| Formerly |
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|---|---|
| Company type | Public N.V. |
| |
| Industry | Conglomerate |
| Founded | 15 May 1891 Eindhoven, Netherlands |
| Founders | Gerard and Anton Philips |
| Headquarters | Amsterdam, Netherlands |
Area served | Worldwide |
Key people |
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| Products |
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| Revenue |  €18.17 billion (2023) |
 €−115 million (2023) | |
| €−463 million (2023) | |
| Total assets |  €29.41 billion (2023) |
| Total equity | €12.06 billion (2023) |
Number of employees | 69,656 (2023) |
| Website | philips |
| Footnotes / references [1] | |
Koninklijke Philips N.V. (lit. 'Royal Philips'), commonly shortened to Philips, is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891. Since 1997, its world headquarters have been situated in Amsterdam, though the Benelux headquarters is still in Eindhoven. The company gained its royal honorary title in 1998.
Philips was founded by Gerard Philips and his father Frederik, with their first products being light bulbs. Through the 20th century, it grew into one of the world's largest electronics conglomerates, with global market dominance in products ranging from kitchen appliances and electric shavers to light bulbs, televisions, cassettes, and compact discs (both of which were invented by Philips). At one point, it played a dominant role in the entertainment industry (through PolyGram). However, intense competition from primarily East Asian competitors throughout the 1990s and 2000s led to a period of downsizing, including the divestment of its lighting and consumer electronics divisions, and Philips' eventual reorganization into a healthcare-focused company.[2]
As of 2024, Philips is organized into three main divisions: Diagnosis and Treatment (manufacturing healthcare products such as MRI, CT and ultrasound scanners), Connected Care (manufacturing patient monitors, as well as respiratory care products under the Respironics brand), and Personal Health (manufacturing electric shavers, Sonicare electric toothbrushes and Avent childcare products).[3]
Philips has a primary listing on the Euronext Amsterdam stock exchange and is a component of the Euro Stoxx 50 stock market index.[4] It has a secondary listing on the New York Stock Exchange. Acquisitions included Signetics and Magnavox. It also founded a multidisciplinary sports club called PSV Eindhoven in 1913.
- ^ "Philips Annual Report 2023 (Form 20-F)". U.S. Securities and Exchange Commission. 20 February 2024.
- ^ Pooler, Michael (13 September 2020). "Transforming an electronics group". Financial Times. Retrieved 15 October 2024.
- ^ "Philips Download Centre - Annual Report 2023". Philips.
- ^ "Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news". Boerse-frankfurt.de. Archived from the original on 8 February 2019. Retrieved 7 April 2018.