Philips Archieven - Innovation Origins

4.3 billion euros for Philips in the second quarter

Posted by Redactie IO Eindhoven | Jul 23, 2018 | Eindhoven

Royal Philips today reports sales of EUR 4.3 billion for April-June 2018, with 4% comparable sales growth. The net income from continuing operations was EUR 186 million, Second-quarter highlights: – Sales in the quarter were EUR 4.3 billion, with comparable sales growth of 4% – Comparable order intake increased 9% compared to Q2 2017 – Net income from continuing operations was EUR 186 million, compared to EUR 161 million in Q2 2017 – Operating cash flow totaled EUR 130 million, compared to EUR 73 million in Q2 2017 Philips focuses on health care solutions. Frans van Houten, CEO, is...

After Munich, Philips also signs deals with hospitals of Cologne

Posted by Bart Brouwers | Jul 13, 2018 | Eindhoven

Next to Städtische Klinikum München – which we reported on recently – Royal Philips has also signed a long-term strategic partnership agreement with the Kliniken der Stadt Köln (Clinics of Cologne). Philips will be responsible for the delivery, upgrade, replacement and maintenance services of advanced medical imaging solutions to support precision diagnosis and therapy. Philips will also help to improve the hospital’s radiology workflows to further enhance the quality and efficiency of its care, as well as patient and staff satisfaction. Workflows in Cologne Under the terms of the agreement with the Kliniken der Stadt Köln, valued at approximately...

ASML and Philips remain main innovation drivers

Posted by Frans van Beveren | Jun 3, 2018 | Eindhoven

ASML and Royal Philips remain the companies that spend the most money on Research & Development (R&D) in the Netherlands. Both companies also showed strong growth year-on-year, as did most of the companies that were awarded a place in the annual top 30 of Technisch Weekblad (TW). At about two-thirds of the companies that gained a place in the R&D Top 30, R&D expenditure increased last year; only six companies saw expenditure decrease, TW reports. Signify, the former Philips Lighting, is a major absence from the list. Normally, this company is always high on the innovation lists, but “unfortunately, Signify did not...

Philips once again most reputed company

Posted by Redactie IO Eindhoven | Apr 28, 2018 | Eindhoven

Philips was once again named the company with the leading reputation in the Netherlands. This means that for the eleventh year in a row, the health technology company will receive the Reputation Award for the annual ‘RepTrak ranking’, carried out by the Reputation Institute Benelux. Philips is ranked #19 worldwide. Other Dutch companies in the Top 100 are Heineken (#62), KLM (#82) and Unilever (#87). Hans de Jong, President Philips Netherlands, is pleased with the award: “It is special to see that we are increasingly clearly appreciated for our clear strategic choice to focus entirely on health technology. Philips...

Philips to stay at High Tech Campus Eindhoven

Posted by Bart Brouwers | Apr 25, 2018 | Eindhoven

Philips extends the lease of its three main buildings on the High Tech Campus until at least 2032. This means that the health technology company remains the main tenant of the campus of which Philips is the founder and which is also home to E52. Philips rents a total of 85,000 m², divided over eleven buildings. With this, the company provides accommodation for more than 4,100 employees. The High Tech Campus – “the smartest square kilometre in Europe” – is home to more than 160 companies and research institutes. It employs some 11,000 researchers, product developers and (start-up) entrepreneurs....

2018 starts well for Philips

Posted by Bart Brouwers | Apr 23, 2018 | Eindhoven

The year started well for Philips. The healthcare company Philips reports €3.9 billion sales for the first quarter of 2018, with 5% comparable sales growth; net income from continuing operations amounts €94 million, and Adjusted EBITA margin increased 130 basis points to 8.7%. The operating cash inflow totaled EUR 92 million. “While there is more work to be done, 2018 started well, with 10% comparable order intake growth, 5% comparable sales growth”, says CEO Frits van Houten. “Good traction of new products and solutions introduced last year contributed to 9% comparable sales growth in the Diagnosis & Treatment businesses....

Philips Lighting is illuminating Ningbo, China

Posted by Bart Brouwers | Apr 18, 2018 | Eindhoven

Philips Lighting is illuminating the facades of 37 buildings along a 9.2 km stretch of road in the city center of Ningbo, China. The mega-project is aimed at boosting the city’s cultural heritage and tourism, as well as stimulating commercial activities in the city center. Buildings along the 9.2-kilometer-long Zhongshan Road are a magnet for tourism. The new lighting system, designed by Toryo International Lighting Design Center and Huazhang Lighting Design, uses nearly 2,000 Philips Color Kinetics fixtures controlled and managed by Philips ActiveSite software. “The lighting accentuates the architectural features of the buildings while creating sparkling night scenes...

Philips soon to get all of its energy from wind

Posted by Bart Brouwers | Mar 20, 2018 | Eindhoven

AkzoNobel, DSM, Google and Philips receive first power from new Dutch wind farm Bouwdokken AkzoNobel Specialty Chemicals, DSM, Google, and Philips have started receiving power from the Bouwdokken wind farm in the Netherlands – a milestone achievement resulting from a unique green energy purchasing consortium they jointly established. All four companies consume a substantial amount of power in the Netherlands, and by working together they are making a significant contribution to delivering on the Netherlands’ renewable energy target of 14% by 2020. In October 2016 and January 2017, the companies signed two long-term power purchase agreements (PPAs) that enabled construction...

Two new LED innovations by Philips Lighting

Posted by Bart Brouwers | Mar 16, 2018 | Eindhoven

Philips Lighting is introducing two innovations in LED lighting: one intended for street lighting, the other to replace the old fluorescent tube. According to Philips, the TrueForce LED Road is “the first of its kind to fit into the standard lamp holder and produce a light effect similar to that of conventional street lighting”. This lamp should reduce the time required to maintain, replace and install each street lamp. In addition, operating costs are saved due to the longer service life of more than eight years plus energy savings of up to 45% compared to conventional lamps. Philips is...

Philips and Samsung team up in Health systems

Posted by Bart Brouwers | Mar 8, 2018 | Eindhoven

With the integration of Samsung’s ARTIK services with the Philips Healthsuite Digital Platform, the ecosystem of products and services available to care providers will become broader. Philips and Samsung today announced plans for a strategic partnership that will ultimately allow the Samsung ARTIK ecosystem of connected devices to safely access and share information with Philips’ cloud platform. Healthcare application developers will be able to realize interoperable connected health solutions using integrated data sets and HealthSuite services such as health analytics. “This collaboration will enable healthcare application developers to focus on the development of innovative applications rather than on the...

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