Philips full-year 2023 results
Key data
EUR
* excluding provisions charged to sales, mainly connected with the Respironics consent decree; including these provisions, CSG was 6% and Adjusted EBITA margin 10.6%
Customer, innovation and ESG highlights
The innovation that Philips brings to healthcare – often as part of long-term partnerships – is critical, making care delivery more effective, efficient and sustainable.
Discover more about our latest innovations and customer partnerships
Progress towards our goals
At Philips, we are striving to make the world healthier and more sustainable through innovation, with the goal of improving the lives of 2.5 billion people a year by 2030. This includes improving access to care in underserved communities for 400 million people a year.
To ensure we remain on track to achieve this goal, we have developed a model, audited externally, that tells us how many lives have been improved by our products and solutions in a given year.
1 We will design all new product introductions in line with our EcoDesign requirements by 20252 Recycling, reuse and circular materials management of the total used materials
Reflecting our commitment to SDG 12 (Sustainable consumption and production) and SDG 13 (Climate action), we have set specific targets – to be achieved by 2025 – to reduce our environmental impact and help fight climate change. Here you can see how we’re progressing towards these goals.
ESG highlights
In Q4 2023, we made further advances in the focal areas of climate action, circular economy and access to care.
