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    PHIA   NL0000009538

PHILIPS NV

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Philips : "Al bij de eerste design-schets moet je nadenken over circulariteit"

10/21/2021 | 02:04am EST

Making a sustainable product starts with design. "You can use sustainable or recycled materials, but also design a product in such a way that the parts are easy to reuse or that you don't need a new product at all."

Together with her team, Design Strategist Aylin Groenewoud is working every day to make Philips' products and services even greener. Of all sales, 70 percent are green products and services, 15 percent are even fully circular.

"Our task within Philips is to make the transition from linear to circular design," says Aylin. We provide training, think up new design methods, but also, for example, together with hospitals, think about how we can design products so that they can be reused after use."

Aylin notices that sustainability is higher on the agenda than ever, also in the healthcare sector: "Awareness was already growing in recent years. COVID has only reinforced that; hospitals have started to think more about how they can work more efficiently. And that includes, for example, making sure that an MRI system can last longer and that you are smarter about purchasing products."

Disclaimer

Royal Philips NV published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 06:03:03 UTC.


ę Publicnow 2021
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Sales 2021 17 535 M 19 849 M 19 849 M
Net income 2021 3 567 M 4 037 M 4 037 M
Net Debt 2021 4 199 M 4 753 M 4 753 M
P/E ratio 2021 7,23x
Yield 2021 2,86%
Capitalization 28 491 M 32 110 M 32 251 M
EV / Sales 2021 1,86x
EV / Sales 2022 1,74x
Nbr of Employees 77 084
Free-Float 99,4%
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Number of Analysts 21
Last Close Price 31,75 €
Average target price 45,44 €
Spread / Average Target 43,1%
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Frans van Houten Chief Executive Officer
Abhijit Bhattacharya Chief Financial Officer & Executive Vice President
Feike Sijbesma Chairman-Supervisory Board
Jan Kimpen Chief Medical Officer
Sophie Bechu Chief Operating Officer & Executive Vice President
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