Philips delivers strong order intake growth in the second quarter, margin improvement and sales growth; reiterates full-year outlook
Clinicians looking at monitor during examination of patient

Philips Q2 2024 results

Key data

4.5
billion
EUR
sales
2%
comparable sales growth
11.1%
Adjusted EBITA margin
1.94
billion
lives improved
23.6%
circular revenues
~68,700
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
234
400
Lives improved in underserved communities
71%100%100% sales from green products and solutions 1
68%
16%25%25% sales from circular products and solutions
23.6%
100%75% operations powered by renewable energy
79%
87%95%95% circular materials management 2
94%
100%100% industrial sites sending zero waste to landfill
100%
1%5%5% reduction in water consumption from 2019 level
1%
All data points refer to Q2 2024
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
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