Koninklijke Philips

Koninklijke Philips N.V., commonly known as Philips, is a renowned Dutch multinational conglomerate that has made significant strides in health technology. Founded in Eindhoven in 1891 by Gerard Philips and his father Frederik, Philips has a rich history of innovation and entrepreneurship. The company began with the production of light bulbs and quickly expanded into various other electronic products. Over the years, Philips has been associated with many key developments in the field of electronics, including the creation of the Compact Cassette and co-development of the compact disc format with Sony. In recent years, Philips has undergone a transformation, shifting its focus primarily to health technology. This strategic pivot reflects the company's commitment to improving people's health and well-being through meaningful innovation. Philips aims to impact 2.5 billion lives per year by 2030, including 400 million in underserved communities. Philips is structured into three main divisions: Personal Health, Connected Care, and Diagnosis & Treatment. These divisions reflect the company's focus on the entire health continuum, from healthy living and prevention to diagnosis, treatment, and home care. As of 2023, Philips reported revenues of €18.17 billion, with a workforce of approximately 69,656 employees across 100 countries. The company holds a strong patent portfolio and is recognized as a global innovator, especially in the MedTech field. The company's headquarters are in Amsterdam, and it maintains a significant presence in Eindhoven, reflecting its historical roots. Philips is listed on the Euronext Amsterdam stock exchange and has a secondary listing on the New York Stock Exchange. Philips' journey from a small light bulb manufacturer to a leading health technology company showcases its adaptability and enduring commitment to innovation that improves lives.