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Koninklijke Philips NV (PHG) FY2024 earnings results (fiscal 2024)
20-F filed Feb 21, 2025
Koninklijke Philips NV (PHG) reported revenue of $18.0B for the fiscal 2024 (FY2024), -0.8% from a year earlier. Operating margin was 2.9%, net loss $698M (3.9% of revenue).
Koninklijke Philips NV, FY2024: revenue $18.0B (-0.8% year over year), operating margin 2.9%, net loss $698M. The chart follows the revenue to costs, profit and cash.
| FY2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.0B | — | -0.8% |
| Operating profit | $529M | — | — |
| Net earnings | −$698M | — | — |
What changed
Revenue was €18.0B in FY2024, down 1% year over year.
Gross margin was 43.1%, up 2.1 points from FY2023. Operating profit was €0.53B, a 2.9% margin (up 3.6 points year over year). Operating expenses fell 4% while revenue fell 1%. The year ended with a net loss of €0.70B.
Questions
What was Koninklijke Philips NV's revenue in the fiscal 2024?
Koninklijke Philips NV (PHG) reported revenue of $18.0B for the fiscal 2024 (FY2024), -0.8% from a year earlier.
Was Koninklijke Philips NV profitable in the fiscal 2024?
Operating profit was $529M (2.9% of revenue) and net loss $698M.