Philips - Company profile

Royal Philips Electronics

Royal Philips Electronics of the Netherlands is a diversified Health and Well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”.

Headquartered in the Netherlands, Philips employs over 120,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.3 billion in 2010, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare.

Annual Report 2010

Global Footprint

Philips is a global leader across its healthcare, lighting and lifestyle portfolio:

We are the world’s largest home healthcare company, being number one in: Monitoring systems, Automated External Defibrillators, Cardiac Ultrasound, Cardiovascular X-ray.
We are number one in lamps in Europe, Latin America and Asia Pacific and number two in North America; in Automotive lighting, we are leading in Europe, Latin America, Japan and Asia Pacific.
We are number one in the electric shavers and male grooming category globally.

Businesses

Healthcare
Philips simplifies healthcare by focusing on the people in the care cycle – patients and care providers. Through combining human insights and clinical expertise, Philips aim to improve patient outcomes while lowering the burden on the healthcare system. Advanced healthcare solutions are a fundamental part of the portfolio for both healthcare professionals and consumers, to meet the needs of patients in hospitals and at home. Philips Healthcare employs approximately 35,500 people worldwide.

Lighting
Philips Lighting is the leading provider of lighting solutions and applications both for professional and consumer markets, transforming how lighting is used to enhance the human experience in the places where people live and work. Whether at home, on the road, in the city, shopping, at work or at school, we are creating lighting solutions that transform environments, create experiences, and help shape identities. We serve our customers through a market segment approach which encompasses Homes, Office and Outdoor, Industry, Retail, Hospitality, Entertainment, Healthcare and Automotive. For these segments we provide a wide range of offerings from across the entire lighting value chain - from light sources, luminaires and lighting controls to lighting solutions and services. Philips Lighting employs approximately 53,000 people worldwide.

Consumer Lifestyle
Guided by the brand promise of “sense and simplicity” and the consumer insights, Philips Consumer Lifestyle offers rich, new consumer experiences that meet consumers’ desire for relaxation and improving their state of mind. Philips also responds to the consumer's desire for wellness and pleasure by introducing products that meet the individual’s interests in terms of their body and appearance. Philips Consumer Lifestyle employs approximately 17,700 people worldwide.

Innovation

50,000 registered patents illustrate the innovative nature of the company. Philips currently holds around 36,000 registered trademarks, 63,000 design rights and 3,900 domain names.

Philips has adopted an Open Innovation strategy which leverages the joint innovative power of partnering companies and researchers to bring more innovations to the market effectively and faster.

In 2010, Philips invested EUR 1.58 billion in Research and Development.

Philips is internationally recognized as a global leader in design, receiving a variety of international awards each year. For example:

2010 iF product design competition: 28 design awards

Sustainability

Sustainability is at the center of Philips’ strategy. Philips is committed to reducing its environmental footprint in all aspects of its business: in its products, manufacturing, and procurement, as well as in the communities where the company acts and in the working practices of its employees.

All Philips products go through an EcoDesign process, identifying environmental impact in terms of energy efficiency, hazardous substances, take-back and recycling, weight and lifetime reliability. Philips’ processes on Green Product sales are verified annually by an independent third party and published in the Annual Report.

Philips aims to combat global healthcare challenges by focusing on delivering better quality healthcare at lower costs, also in the emerging markets, such as China and India.

Philips also takes a leading position in educational programs, showing its stakeholders that energy efficient solutions are simple, easy and actionable and make economic sense for national and local governments, businesses, schools and individuals.