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Company Description

Contact Info

Philips Center

Amstelplein 2

Amsterdam, 1096 BC


Phone: 31 20 597 7777


vation Services offers a range of expert services in development, realization and consulting. Philips Innovation Services also supported projects, such as Philips LifeLight, the new zero-energy, solar-powered LED lighting range designed for homes in off-grid rural and semi-urban communities, as part of Philips’ drive to deliver innovations that are locally relevant. Philips Innovation Campus Bangalore (PIC) PIC hosts activities from most of the company’s operating businesses, Philips Research, Design, IP&S, and IT. Healthcare is the major R&D organization at PIC, with activities in Imaging Systems, Patient Care & Monitoring Solutions, and Healthcare Informatics, Solutions & Services. Philips Cambridge Innovation Labs (USA) The new Philips Cambridge Innovation Labs that opened in 2015 are situated in the hub of the Cambridge/Boston ecosystem. Philips Africa Innovation Hub The Philips Africa Innovation Hub in Nairobi, Kenya, creates locally relevant innovations ‘in Africa, for Africa’, with particular focus on improving access to lighting and affordable healthcare. Philips Design Philips Design is the global design function for the company. Philips Design partners with the Philips businesses, Group Innovation and functions, championing a multidisciplinary co-create approach that brings teams together to understand the different factors that influence how a new product or solution will appear, perform and behave. Philips Healthcare Incubator The Philips Healthcare Incubator is a group to identifying, developing and bringing products and services to market. Philips Emerging Business Areas Philips Emerging Business Areas identify, create and grow new activities that are outside the scope of the operating businesses. The portfolio is managed on a venturing basis. Divestments In 2015, the company completed seven divestments, which include, the sale of Assembléon Holding B.V., OEM Remote Controls, Axsun Technologies LLC, and various small businesses within Healthcare and Lighting. Significant Events In March 2016, Royal Philips announced an exclusive global co-development agreement with Monica Healthcare. The two companies agreed to integrate Monica’s latest signal acquisition technology into the Philips Avalon CL product platform, in the form of a wearable patch solution. History The company was founded in Eindhoven (the Netherlands) in 1891 by Frederik and Gerard Philips. It was formerly known as Koninklijke Philips Electronics N.V. and changed its name to Koninklijke Philips N.V. in 2013.


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Valuation PHIA Industry Range
Price/Earnings 64.8x
Price/Sales 0.9x
Price/Book 2.0x
Price/Cash Flow 38.9x
TEV/Sales 0.6x

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