Philips delivers improved operational performance driven by sales growth and focus on execution
Philips patient monitors MX750 and MX850 in an operating room

Philips Q2 2023 results

Key data

4.5
billion
EUR
sales
9%
comparable sales growth
10.1%
Adjusted EBITA margin
1.82
billion
lives improved
18.8%
circular revenues
~71,500
employees

Customer and innovation highlights

The innovation that Philips brings to healthcare – often as part of long-term partnerships – is critical, making care delivery more convenient and sustainable.

Philips informatics enterprise monitoring as a service
Supporting US care provider with advanced patient monitoring and informatics
Signed a 10-year agreement with University of California Irvine Health to provide enterprise monitoring as a service combined with informatics, enabling the health system to standardize, integrate and scale patient monitoring in order to deliver better care and reduce the technology burden on staff.
New mobile C-arm driving improved patient outcomes and staff experience
Expanded the image-guided therapy portfolio with the launch of Philips Zenition 10, which provides a cost-effective imaging solution to guide high-volume routine surgery, as well as complex orthopedic and trauma procedures.
Discover more
Image-guided therapy with Philips Zenition 10
Philips 7 Series Shaver
Innovations resonating with Chinese consumers
In partnership with JD.com, launched the premium 7 Series Shaver in China, debuting as the #1 shaver on this major online shopping channel. Additionally, Philips’ DiamondClean 9000 premium electric toothbrush has become the best-selling high-end oral healthcare product on Alibaba.

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
207
400
Lives improved in underserved healthcare communities
2E226E4A-9D34-428E-9603-8F2147474F3A
71%100%100% sales from green products and solutions 1
68%
7C04B12B-8CA6-4A93-B8DE-DECFF9EDAB7D
16%25%25% sales from circular products and solutions
18.8%
B58BD847-4D65-4A26-B2B8-387BFF8C1715
100%75% operations powered by renewable energy
76%
E2C0C3A3-A18F-4561-B6FB-CF881CE7508A
87%95%95% circular materials management 2
90%
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 Q2 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

ESG highlights

In Q2 2023, we made further advances in the focal areas of climate action, circular economy and access to care.