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 Headquarters in Amsterdam, 2009 | |
| Formerly |
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|---|---|
| Company type | Public |
| |
| 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. Philips was formerly one of the largest electronics companies in the world, but is currently focused on the area of health technology, having divested its other divisions.
The company was founded in 1891 by Gerard Philips and his father Frederik, with their first products being light bulbs. It currently employs around 80,000 people across 100 countries.[2] The company gained its royal honorary title (hence the Koninklijke) in 1998 and dropped the "Electronics" in its name in 2013,[3] due to its refocusing from consumer electronics to healthcare technology.
Philips is organized into three main divisions: Personal Health (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care), Connected Care, and Diagnosis & Treatment (formerly Philips Medical Systems).[4] The lighting division was spun off as a separate company, Signify N.V.
The company started making electric shavers in 1939 under the Philishave and Norelco brands, and post-war it developed the Compact Cassette, an audiotape format, and co-developed the compact disc format with Sony, as well as numerous other technologies. As of 2012,[update] Philips was the largest manufacturer of lighting in the world as measured by applicable revenues.
Philips has a primary listing on the Euronext Amsterdam stock exchange and is a component of the Euro Stoxx 50 stock market index.[5] It has a secondary listing on the New York Stock Exchange. Acquisitions include that of 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.
- ^ "Philips Annual Report 2019" (PDF). Philips Results. 27 February 2020. Archived (PDF) from the original on 1 October 2022. Retrieved 7 January 2021.
- ^ "Philips Drops 'Electronics' Name, in Strategy Switch | IndustryWeek". Archived from the original on 25 September 2018. Retrieved 24 September 2018.
- ^ "Philips Q1 2020 Quarterly Results". Philips Results. 22 April 2020. Archived from the original on 28 July 2020. Retrieved 10 June 2020.
- ^ "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.