Philips Statistics By Revenue and Facts (2025)

Introduction

Philips Statistics: Philips (Koninklijke Philips N.V.) is a Dutch multinational conglomerate company founded in 1981. The company produces and develops consumer electronics and medical devices. The company’s primary focus is the advancement of health technologies to improve well-being and health globally through technological advancements and innovation. Medical technology is split into three major segments: personal health-connected care, as well as diagnostics, and therapy.

This Philips Statistics provides a statistical analysis of Philips’s revenues and performance, as well as market capitalization, price of the stock as well as financial statements for income, web traffic, and so on. If you’re considering investing in Philips this Philips Statistics will provide you with a better understanding of the current market developments.

Editor’s Choice

• In the financial year 2023, the total revenue earned by Philips was EUR 19.72 billion, which has increased by 5.02%.
• The company has employed approximately 69,565 people across 100 countries.
• The estimated market capitalization of Philips in March 2024 will be USD 18.42 billion, a decrease of 13.54%.
• By 2024, the company is expected to deliver 3% to 5% comparable sales growth with an adjusted EBITA margin of approximately 11% to 11.5%.

(Source: philips.com)

• Globally, 1.88 billion people’s lives have improved using Philips’ products and solutions, with 222 million belonging to unreserved communities in 2023.
• By 31 December 2023, Philips completed 15.1 million of its share cancellations, resulting in 90.6 million outstanding shares, and predicted a further cancellation of 4.4 million shares in the 2^nd quarter of 2024.
• Philip’s productivity savings amounted to EUR 149 million in the 4Q of 2023, and by the end of the year, total savings resulted in EUR 956 million.
• Philips’ workforce will be reduced by 8000 roles out of 10,000 by 2025.
• The net cash provided by operating activities of Philips was EUR 2.1 billion, free cash flow EUR 1.58 billion, and net capital expenditure (EUR -554 million)
• The company has purchased up to 7.1 million shares to cover long-term incentive plans.
• Comparable sales growth for full-year 2024 is expected to be between 0.5% and 1.5%.

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Facts About Philips

• Global Dow Jones Sustainability Indices (DJSI) 2023 acknowledged Philips as the top health technology company.
• Recently, the company introduced the premium S9000 shavers, including a close-blade technology available in China, the United States, and Europe.
• Philips is also developing an AI-powered ultrasound solution that will reduce the shortage in the healthcare department, and the program has received a total funding of $60 million from the Bill & Melinda Gates Foundation.
• In 2023, the company will have cut out around 6,000 jobs worldwide.
• An Italian billionaire, the Agnelli family, has taken over 15% stakes worth EUR 2.6 billion2.6 billion in Philips as of August 2023.
• According to Philips Healthcare statistics, by 2030, the company aims to improve 2.5 billion lives annually, including 400 million in underserved communities.
• Philip has set a specific target to achieve environmental sustainability by 2025 end.
• In 2023, 25% of sales from products and services that contribute to circularity, 75% of operations powered by renewable energy, 95% circular materials management, 100% of industrial sites send zero waste to landfills, and a 5% reduction in water consumption.
• According to an annual report published by Philips in 2023, Philips has completed the cancellation of 15.1 million shares.

Philips Performance Highlights

(Source: philips.com)

• In 2023, the Philips group amounted to total sales of around EUR 18.2 billion, in which the 4^th quarter of the year made EUR 5.1 billion.
• The company’s order intake decreased by 5% in 2023, and in Q4, resulted in (-3%), but it still kept a solid booking order.
• Excluding provisions charged to sales, comparable sales growth turned out to be 7% in 2023 and Q4 (3%).
• In the 4^th quarter of 2023, the overall year’s adjusted EBITA margin increased by 12.5% and 10.5% of sales, excluding provisions charged to sales.
• During the same period, free cash flow increased to EUR 1582 million in 2023 and Q4 (EUR 1128 million).

Philips General Statistics

• The share price of Philips on 4 March 2024 turned out to be $20.26 (-0.34%), according to a report published by Forbes.
• In the financial year 2023, the total revenue generated by Philips was EUR 19.72 billion.
• Net and operating income during the same period resulted in EUR -463 million and EUR -115 million, respectively.
• Total assets and equity have decreased from the previous year, accounting for EUR 29.41 billion and EUR 12.06 billion, respectively.
• Meanwhile, the company’s annual earnings were $0.25 billion, which decreased by 83.15% from the previous year.
• In 2023, the total revenue earned by Philips in India from overall operations was Rs. 5,734 crore, and PAT (profit after tax) decreased by 2.2% to Rs 260 crore.
• According to Philips Statistics, in 2023, the comparable sales of diagnosis and treatment increased by 11%, and the adjusted EBITA margin was 10.4%.
• Connected care sales have increased by 5%, and adjusted EBITA margin, accounting for 6.9%.
• In the personal healthcare segment, the sales growth of Philips personal care increased by 3%, with the adjusted EBITA margin improved to 16.6%.
• The overall tax contribution of Philips Group in 2023 was EUR 3.05 billion.

By Market Capitalization

(Reference: companiesmarketcap.com)

• In October 2022, the market capitalization of Philips decreased extremely, accounting for $11.15 billion.
• As of 2023, the Philips company has started gaining market cap in 7 January ($14.63 billion), 21 January ($14.98 billion), 28 January ($15.26 billion), 4 February ($15.61 billion), 18 February ($15.02 billion), 11 March ($14.46 billion), 15 April ($15.73 billion), 29 April (19.05 billion), 13 May (18.15 billion), 17 June ($18.8 billion), 1 July ($19.98 billion), 22ns Jul ($21.23 billion), 5 August ($19.01 billion), 19 August ($20.44 billion), 2 September ($20.13 billion), 23 September ($19.03 billion), 28 October ($17.13 billion), 18 November ($19.51 billion), 9 December ($18.54 billion), and 30 December ($21.31 billion).
• On 20 January 2024, the market cap turned out to be $21.29 billion, and on 17 February ($18.41 billion),
• The estimated market capitalization in March 2024 will be $18.42 billion.

By Stock Price

(Reference: finance.yahoo.com)

• The monthly stock prices of Philips in 2023 are followed 28 February ($16.3), 31 March ($18.35), 28 April ($21.1), 29 May ($19.5), 30 June (21.7), 31 July ($20.7), 31 August ($22.3), 29 September ($19.9), 31 October ($19), 30 November ($20.4), and 29 December ($23.3).
• As of 2024, on 31 January, Philips’ stock price has resulted in $21.1 and is expected to be $20.3 by 4 March.

Philip’s Segmental Statistics By Income Statement

By Sales

(Reference: philips.com)

• As of 2023, the Diagnosis and Treatment segment generated the highest sales, accounting for EUR 8.8 billion.
• Other segment sales rates are Connected Care (EUR 5.1 billion), Personal Health (EUR 3.6 billion), and others (EUR 612 million).
• An overall sale generated by Philips Group is EUR 18.1 billion.
• Based on income from operations are diagnosis and treatment (EUR 720 million), Connected Care (EUR -1,199 million), Personal Health (EUR 552 million), and others (EUR -188 million).
• Adjusted EBITA rates are diagnosis and treatment (EUR 1.02 billion), Connected Care (EUR 369 million), Personal Health (EUR 597 million), and others (EUR -71 million).
• Philips Group’s net income loss was EUR463 million in 2023.

By Profitability

(Reference: philips.com)

• Philip’s Personal Health segment generated the highest profit, accounting for 15.3% in 2023.
• Followed by Diagnosis and Treatment (8.2%), Connected Care (-23.4%).
• Overall profitability of Philip Group has decreased by -0.6%.
• Adjusted EBITA profitability is diagnosis and treatment (11.6%), Connected Care (7.2%), Personal Health (16.6%).

Philips’ Third-Quarter Results 2024

• Philips reported EUR 4.4 billion in group sales for the third quarter of 2024, with flat comparable sales growth.
• Income from operations was EUR 337 million.
• The Adjusted EBITA margin increased by 160 basis points, reaching 11.8% of sales, up from 10.2%.
• Operating cash flow stood at EUR 192 million, while free cash flow amounted to EUR 22 million.
• Comparable order intake declined by 2%, primarily due to weaker demand in China.
• The full-year 2024 outlook was revised to reflect deteriorating demand in China, with projected comparable sales growth between 0.5% and 1.5%.
• The Adjusted EBITA margin is expected to be around 11.5%, at the upper end of the current range.
• Free cash flow is anticipated to be approximately EUR 0.9 billion, at the lower end of the current range.

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Philips Statistics By Average Monthly Stock Prices

 (Reference: netcials.com)

• Average monthly prices and volume of Koninklijke Philips NV (PHG) 2024 are January (23.12) and February (20.49).
• Average volume of Philips NV (PHG) in Jan (949.36 K) and Feb (1387.27 K)

 (Reference: netcials.com)

• Average weekly price and volume in 2024 are 1^st week (23.16 and 789.83 K), 2^nd week (24.04 and 887.18 K), 3^rd week (23.32 and 719.93 K), 4^th week (23.05 and 805.02 K), 5^th week (21.27 and 1471.62 K), 6^th week (20.72 and 1233.45 K), 7^th week (20.30 and 1961.54 K), and 8^th week (20.10 and 1074.92 K).

Philips Global Jobs Statistics

(Source: google.com)

• In the United States of America, in January 2024, there were 22 Philips global job openings available.
• Based on employment type, 71% (full-time employees), 15% (part-time), 8% (as needed), and 6% (contractual).
• Physical and remote workers’ shares are physical (93%) and remote (7%).
• The average hourly salary was $37.2 per year ($77,274).

Philips Statistics By Country

By Website Traffic

(Source: similarweb.com)

• In January 2024, the total website visits was 5.6 million, an increase of 1% from the previous month.
• The United States of America had 3.97% of total traffic on philips.com, but it recorded an increase in total website visitors by 3.14%.
• During the same duration, other countries recorded the following contribution in total traffic: India = 10.56% (+33.23%), Netherlands = 5.81% (+14.04%), Germany = 4.08% (-0.67%), and Poland = 3.12% (-5.72%)
• Other countries collectively made around 42.46% of visitor share in philips.com.

By Device

(Reference: semrush.com)

• Worldwide, 70.03% are mobile Philips users, and 29.97% are desktop users.
• 41% of Philips users belong to the United States of America, resulting in 3.59 million; 36.64% are desktop users, and 63.36% are mobile users.
• The Netherlands has 469.05K users, 5.41% out of these, 28.11% on desktop, and 71.89% on mobile devices.
• Of the total players, 5.15% are from Germany, resulting in 446.16K, with 18.15% access to the desktop version and 81.85% to mobile devices.
• India and Brazil have around 337.22K and 297.62K users, which results in 3.89% and 3.44%, respectively.
• Of these, 40.65% of desktop users and 59.35% of mobile users in India and Brazil, 20.87% of users access the website on desktop, and 79.13% on mobile.

By Demographics

(Reference: similarweb.com)

• Male users are the highest in number, holding 57.4% share, and females hold 42.6% share.
• Philips Statistics by age group states that the highest number of website users observed is between 25 and 34 years old, resulting in 28.8%.
• Out of total users, 20.32% are aged 35 years and 44 years.
• 84% and 12.88% belong to 45 to 54 years and 18 to 24 years respectively.
• 23% of website users are aged from 55 to 64 years.
• Nearly 7.94% of user shares were contributed by people from the age group above 65 years.

By Traffic Source

(Reference: similarweb.com)

• The highest traffic rate towards philips.com in January 2024 was by direct search, resulting in 45.88%.
• 61% of the share is generated by organic traffic search, while 6.9% is from referral search from the website.
• Furthermore, other traffic sources towards philips.com are paid search (3.76%), Mail (1.95%), Social (1.52%), and display (0.38%).

By Social Media Referral Rate

(Reference: similarweb.com)

• YouTube has the highest social media referral rate, with a 26.56% share than other social networks.
• Reddit and LinkedIn contribute by 25.22% and 20.01%, respectively.
• Traffic sent by Facebook is 12.18%, and WhatsApp contributes 5.85%.
• Other social media networks have a nominal contribution, collectively around 10.18%.

By Medical Companies

• In 2023, Philips Healthcare ranked 7^th as the top medical device company globally, holding a revenue of up to $18.75 billion.

(Reference: statista.com)

• It is supposed that, over global medical technology companies, Philips will rank in the top 8^th position with $21.9 billion by the end of 2028.
• Meanwhile other companies revenue in 2028 are expected to be Medtronic ($44.1 billion), Abbott Laboratories ($39 billion), Johnson and Johnson ($36.2 billion), Siemens ($32.5 billion), Stryker ($26.6 billion), Becton Dickinson ($23.1 billion), Essitor Luxottica ($23 billion), Roche $21.2 billion), and Boston Scientific ($18.5 billion).

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Philips Statistics By NPS

(Source: comparably.com)

• According to Philips NPS trends, in January 2024, Philips’s Net Promoter Score is 19, with 50% promoters, 20% passives, and 30% detractors.
• Based on gender comparability, Philip’s NPS was rated 14 and 4 by female and male customers, respectively.
• Based on ethnicity, NPS was rated the highest by African American/Black customers (42), Asia or Pacific Islander (34), Hispanic or Latino (34), Caucasian (-34), and others (-5).
• Users used Philip’s products/services for 5 to 10 years with Philips NPS rated 35; other usage shares are followed by 2 to 5 years (18), over ten years (5), less than one year (-5), and 1 to 2 years (-4).

Reasons for Philips’s Investment

(Source: philips.com)

• From 2022 to 2025, the growth of the assessable market is expected to grow up to 3% to 6%.
• The company is highly involved in the leading innovations of hardware, software, service, and software supporting care with over 300 long-term partnerships.
• 70% of total sales generated by the business are due to image-guided therapy (in systems and devices), monitoring (in hospitals and ambulatory), Ultrasound (in cardiac), and personal health (male grooming, oral health care, and infant feeding).
• The company produced over 15,000 ICU beds with remote population health management, > 3,000 sites with Philips radiology PACS, and > 20 million patients with device-to-EMR connectivity per year.

Conclusion

After completing the article on Philips Statistics, it is clear that this technology company has made products to care for people worldwide. The company provides personal and professional healthcare solutions and improves lives by creating a solid and trusted brand. The paper includes all critical statistical analyses and describes current market trends elaborately. So, go thoroughly with all the stats and data, and I hope every doubt will be cleared.

Saisuman Revankar

Saisuman is a talented content writer with a keen interest in mobile tech, new gadgets, law, and science. She writes articles for websites and newsletters, conducting thorough research for medical professionals. Fluent in five languages, her love for reading and languages led her to a writing career. With a Master’s in Business Administration focusing on Human Resources, Saisuman has worked in HR and with a French international company. In her free time, she enjoys traveling and singing classical songs. At Coolest Gadgets, Saisuman reviews gadgets and analyzes their statistics, making complex information easy for readers to understand.

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