results.philips.comPhilips Q1 2024 Quarterly Results | Philips Results

Latest quarterly results Latest annual results All results More Q1 2024 results Download Q1 2024 report View all downloads Philips delivers first-quarter results in line with 2024 performance improvement plan; Resolves the Respironics personal injury and medical monitoring litigation in the US for USD 1.1 billion Philips Q1 2024 results Key data 4.1 billion EUR sales 2.4% comparable sales growth 9.4% Adjusted EBITA margin 1.90 billion lives improved 21.3% circular revenues ~69,100 employees Customer, innovation and ESG highlights The innovation that Philips brings to healthcare – often as part of long-term partnerships – is critical, making care delivery more effective, efficient and sustainable. Milestone for helium-free MR operations More than 1,100 Philips MR systems with the helium-free operations BlueSeal magnet and AI support have now been installed globally, enabling more productive and sustainable MR imaging operations. Discover more Recognition for innovation prowess Philips was recognized as a Clarivate Top 100 Global Innovator for the 11th consecutive year and ranked as a top medical technology patent applicant at the European Patent Office in 2023. Clarivate Global Innovator European Patent Office Easy and comfortable intimate shaving Further expanding the successful OneBlade product range, Philips launched OneBlade Intimate – the first shaving product designed to be gender-neutral and protect the most sensitive skin. Discover more Progress towards our goals Lives improved At Philips, we are striving to make the world healthier and more sustainable through innovation, with the goal of improving the lives of 2.5 billion people a year by 2030. This includes improving access to care in underserved communities for 400 million people a year. To ensure we remain on track to achieve this goal, we have developed a model, audited externally, that tells us how many lives have been improved by our products and solutions in a given year. Download our methodology 1.67 billion 1.90 2.5 Lives improved 167 million 226 400 Lives improved in underserved communities 2E226E4A-9D34-428E-9603-8F2147474F3A 71% 100% 100% sales from green products and solutions 1 68% 7C04B12B-8CA6-4A93-B8DE-DECFF9EDAB7D 16% 25% 25% sales from circular products and solutions 21.3% B58BD847-4D65-4A26-B2B8-387BFF8C1715 100% 100% 75% operations powered by renewable energy 69% E2C0C3A3-A18F-4561-B6FB-CF881CE7508A 87% 95% 95% circular materials management 2 92% 124104F3-3131-41A9-B350-DCA9E31AE498 100% 100% 100% industrial sites sending zero waste to landfill 100% 15158A4B-4536-4366-A76C-8D8AB0A0B760 1% 5% 5% reduction in water consumption from 2019 level 6% All data points refer to Q1 2024 1 We will design all new product introductions in line with our EcoDesign requirements by 2025 2 Recycling, reuse and circular materials management of the total used materials Environmental sustainability targets Reflecting our commitment to SDG 12 (Sustainable consumption and production) and SDG 13 (Climate action), we have set specific targets – to be achieved by 2025 – to reduce our environmental impact and help fight climate change. Here you can see how we’re progressing towards these goals. Discover more ESG highlights In Q1 2024, we made further advances in the focal areas of climate action, circular economy and access to care. Philips Foundation and March of Dimes partner to improve prenatal care access in underserved communities Philips recognized on the 2023 CDP Supplier Engagement Leaderboard Europe’s first mobile virtually helium-free MRI system debuts at #ECR2024 Philips up to 17 th place in 2024 Global RepTrak 100 report Receive the latest news from Philips and alerts for upcoming investor events Subscribe Consumer Products Consumer Products Home Support Product registration My Philips Healthcare professionals Healthcare professionals Home Products Services Specialties Solutions Other business solutions Other business solutions Lighting Automotive Hearing solutions Display solutions Dictation Solutions Home News Investor Relations Careers Innovation Environmental, Social and Governance Suppliers Contact & support Contact & support Home Customer support Professional healthcare support Company contacts Stay up-to-date Stay up-to-date Subscribe to our news Select country / language Global / English Privacy Notice Terms of use Cookie notice © Koninklijke Philips N.V. , 2004 - 2024 . All rights...