 Dutch multinational technology company | |
| Formerly | Firma Philips & Co (1891–1912) N.V. Philips' Gloeilampenfabrieken (1912–1994) Philips Electronics N.V. (1994–1998) Koninklijke Philips Electronics N.V. (1998–2013) |
|---|---|
| Type | Public |
| Traded as | Euronext Amsterdam: PHIA NYSE: PHG AEX component |
| Industry | Health technology |
| Founded | 15 May 1891 (1891-05-15) in Eindhoven, Netherlands |
| Founders | and |
| Headquarters | Amsterdam, Netherlands |
|---|
| Area served | Worldwide |
|---|
| Key people | Feike Sijbesma (chairman) Roy Jakobs (CEO) Charlotte Hanneman (CFO) |
|---|
| Products | Medical equipment Intellectual property management and licensing (for divested businesses of Philips, such as audiovisual equipment and lighting) |
|---|
| Revenue | €18.02 billion (2024) |
|---|
| Operating income | €529 million (2024) |
|---|
| Net income | €698 million (2024) |
|---|
| Total assets | €28.98 billion (2024) |
|---|
| Total equity | €12.04 billion (2024) |
|---|
| Number of employees | 68,419 (2024) |
|---|
For other uses, see Philips (disambiguation).
Koninklijke Philips N.V., commonly known as Philips, is a Dutch multinational health technology company and former major consumer electronics manufacturer. The company was founded in Eindhoven in 1891 by Gerard Philips and his father Frederik Philips to manufacture incandescent light bulbs.2 In October 1997, Philips decided to move its corporate headquarters from Eindhoven to Amsterdam, with the relocation beginning the following year.3 The company's headquarters remain in Amsterdam.4 Philips was awarded the Dutch Royal designation by Queen Wilhelmina in 1916; Koninklijke became part of the company name in 1998.5
Through the 20th century, Philips developed into a large electronics conglomerate, producing products ranging from kitchen appliances and electric shavers to lighting equipment and televisions. Philips introduced the compact cassette format, which became a widely adopted standard for tape recording.2 The company later collaborated with Sony in developing the compact disc standard.6 Philips also became a major participant in the entertainment industry through its controlling interest in PolyGram, which it sold to Seagram in 1998.7
From the 2010s, Philips progressively shifted its focus toward health technology. Its television business was transferred to the TP Vision joint venture in 2012.8 Its lighting business was separated from Philips in 2016 and renamed Signify in 2018.9 Philips completed the sale of its Domestic Appliances business in 2021; the independent company was renamed Versuni in 2023.1011
As of 2025, Philips reports three main business segments: Diagnosis & Treatment, Connected Care and Personal Health. Diagnosis & Treatment includes image-guided therapy and precision diagnosis, including technologies used for MRI, CT and ultrasound. Connected Care includes patient monitoring, enterprise informatics, and sleep and respiratory care, including activities associated with Respironics. Personal Health includes personal care, oral healthcare, and mother-and-child-care products, including electric shavers, Sonicare electric toothbrushes and Avent products.4
Philips is listed on Euronext Amsterdam under the symbol PHIA and on the New York Stock Exchange under the symbol PHG.1213 It is also a component of the Euro Stoxx 50 index.14 Historical acquisitions included Signetics in 1975 and Magnavox in 1974.1516 The Philips Sports Association, which includes the football club PSV Eindhoven, was founded in 1913 for Philips employees.17
Where Philips leads. Every connection below has a source: a link in this article, a shared Wikipedia category, or CirrusSearch text similarity. Articles already on your trail are left out.
The rest of this article could not be loaded.
Related articles are unavailable right now.
Wikipedia did not return the list of recent edits.
