Philips delivers strong margin improvement; flat comparable sales due to further deteriorated demand in China; growth in rest of world
Three healthcare professionals in scrubs and masks around a piece of Philips equipment that hangs above a patient in a bed

Philips Q3 2024 results

Key data

4.4
billion
EUR
sales
0%
comparable sales growth
11.8%
Adjusted EBITA margin
1.94
billion
lives improved
24.7%
circular revenues
~69,300
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
1.94
2.5
Lives improved
167million
238
400
Lives improved in underserved healthcare communities
2E226E4A-9D34-428E-9603-8F2147474F3A
71%100%100% sales from green products and solutions 1
66%
7C04B12B-8CA6-4A93-B8DE-DECFF9EDAB7D
16%25%25% sales from circular products and solutions
24.7%
B58BD847-4D65-4A26-B2B8-387BFF8C1715
100%75% operations powered by renewable energy
85%
E2C0C3A3-A18F-4561-B6FB-CF881CE7508A
87%95%95% circular materials management 2
94%
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
8%
All data points refer to Q3 2024
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