Koninklijke Philips Electronics N.V.
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World headquarters in Amsterdam, Netherlands
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| Naamloze vennootschap | |
| Traded as | Euronext: PHIA, : PHG |
| Industry | |
| Founded | 15 May 1891 Eindhoven, Netherlands |
| Founders |
Gerard Philips Frederik Philips |
| Headquarters | Amsterdam, Netherlands |
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Area served
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Worldwide |
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Key people
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Jeroen van der Veer (Chairman) Frans van Houten (CEO) |
| Products |
Home appliances Lighting Medical equipment Audio equipment |
| Revenue | €21.39 billion (2014) |
| €486 million (2014) | |
| Profit | €415 million (2014) |
| Total assets | €28.35 billion (2014) |
| Total equity | €10.86 billion (2014) |
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Number of employees
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105,365 (2014) |
| Divisions |
Philips Consumer Lifestyle Philips Healthcare Philips Lighting |
| Website | www |
Koninklijke Philips N.V. (Royal Philips Electronics of the Netherlands, commonly known as Philips), (stylized as PHILIPS) is a Dutch technology company headquartered in Amsterdam with primary divisions focused in the areas of electronics, healthcare and lighting. It was founded in Eindhoven in 1891, by Gerard Philips and his father Frederik. It is one of the largest electronics companies in the world and employs around 105,000 people across more than 60 countries.
Philips is organized into three main divisions: Philips Consumer Lifestyle (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care), Philips Healthcare (formerly Philips Medical Systems) and Philips Lighting. As of 2012[update], Philips was the largest manufacturer of lighting in the world measured by applicable revenues. In 2013, the company announced the sale of the bulk of its remaining consumer electronics operations to Japan's Funai Electric Co, but in October 2013, the deal to Funai Electric Co was broken off and the consumer electronics operations remain under Philips. Philips said it would seek damages for breach of contract in the US$200-million sale. In April 2016, the International Court of Arbitration ruled in favour of Philips, awarding compensation of €135 million in the process.
Philips has a primary listing on the stock exchange and is a component of the Euro Stoxx 50 . It has a secondary listing on the .
The Philips Company was founded in 1891, by Gerard Philips and his father Frederik. Frederik, a Jewish banker based in Zaltbommel, financed the purchase and setup of a modest, empty factory building in Eindhoven, where the company started the production of carbon-filament lamps and other electro-technical products in 1892. This first factory has been adapted and is used as a museum.
In 1895, after a difficult first few years and near bankruptcy, the Philipses brought in Anton, Gerard's younger brother by sixteen years. Though he had earned a degree in engineering, Anton started work as a sales representative; soon, however, he began to contribute many important business ideas. With Anton's arrival, the family business began to expand rapidly, resulting in the founding of Philips Metaalgloeilampfabriek N.V. (Philips Metal Filament Lamp Factory Ltd.) in Eindhoven in 1908, followed in 1912, by the foundation of Philips Gloeilampenfabrieken N.V. (Philips Lightbulb Factories Ltd.). After Gerard and Anton Philips changed their family business by founding the Philips corporation, they laid the foundations for the later electronics multinational.
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