Philips delivers solid operational performance as supply chain improves and actions to enhance execution start to take effect
Royal Philips quarterly results theme image

Philips Q1 2023 results

Key data

4.2
billion
EUR
sales
6%
comparable sales growth
8.6%
Adjusted EBITA margin
1.82
billion
lives improved
19.5%
circular revenues
~74,000
employees

Progress towards our goals

Lives improved

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.

Download our methodology

1.67billion
1.82
2.5
Lives improved
167million
205
400
Lives improved in underserved healthcare communities
2E226E4A-9D34-428E-9603-8F2147474F3A
71%100%100% sales from green products and solutions 1
71%
7C04B12B-8CA6-4A93-B8DE-DECFF9EDAB7D
16%25%25% sales from circular products and solutions
19.5%
B58BD847-4D65-4A26-B2B8-387BFF8C1715
100%75% operations powered by renewable energy
65%
E2C0C3A3-A18F-4561-B6FB-CF881CE7508A
87%95%95% circular materials management 2
91%
124104F3-3131-41A9-B350-DCA9E31AE498
100%100% industrial sites sending zero waste to landfill
100%
15158A4B-4536-4366-A76C-8D8AB0A0B760
1%5%5% reduction in water consumption from 2019 level
11%
All data points refer to Q1 2023
1  We will design 100% of our products and services in line with EcoDesign requirements by 20252  Recycling, reuse and circular materials management of the total used materials
Environmental sustainability targets

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.

Discover more