Koninklijke Philips N.V. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was EUR 5,422 million compared to EUR 4,944 million a year ago. Net loss was EUR 106 million compared to net income of EUR 157 million a year ago. Basic loss per share from continuing operations was EUR 0.13 compared to basic earnings per share from continuing operations of EUR 0.16 a year ago. Diluted loss per share from continuing operations was EUR 0.12 compared to diluted earnings per share from continuing operations of EUR 0.18 a year ago. Basic loss per share was EUR 0.13 compared to basic earnings per share of EUR 0.16 a year ago. Diluted loss per share was EUR 0.12 compared to diluted earnings per share of EUR 0.18 a year ago.
For the full year, sales was EUR 17,827 million compared to EUR 17,156 million a year ago. Net loss was EUR 1,608 million compared to net income of EUR 3,319 million a year ago. Basic loss per share from continuing operations was EUR 1.84 compared to basic earnings per share from continuing operations of EUR 0.67 a year ago. Diluted loss per share from continuing operations was EUR 1.84 compared to diluted earnings per share from continuing operations of EUR 0.67 a year ago. Basic loss per share was EUR 1.82 compared to basic earnings per share of EUR 3.67 a year ago. Diluted loss per share was EUR 1.82 compared to diluted earnings per share of EUR 3.65 a year ago.