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febbraio 27, 2020 - Philips

Philips publishes its Annual Report 2019

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Company provides update related to coronavirus disease 2019 (COVID-19) outbreak

Amsterdam, the Netherlands Royal #philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today published its Annual Report 2019, and expects to file the report on Form 20-F with the US Securities and Exchange Commission later today (www.sec.gov). Philips’ Annual Report 2019 will be on the agenda of the Annual General Meeting of Shareholders (AGM), to be held on April 30, 2020. The convocation notice and the agenda (including explanatory notes) for the AGM will be published in due course.

The Annual Report 2019 is available to shareholders and other interested parties via this link. The Annual Report 2019 on Form 20-F will also be available via webpage https://www.results.philips.com#downloads. A printed copy can be obtained free of charge upon written request to the following email
address:
annual.report@philips.com.

Company update related to coronavirus disease 2019 (COVID-19) outbreak

The impact of the coronavirus outbreak on public life and the industry in China is also affecting the demand for Philips’ consumer portfolio in the country and Philips’ global supply chain. While this is expected to have a negative impact on the financial performance of #philips in the first quarter of 2020, the company cannot quantify the magnitude and duration of such impact at this time given the fluidity of the situation. #philips continues to monitor and assess its business operations daily, and will provide an update as appropriate.

In connection with the COVID-19 outbreak, #philips has implemented precautionary measures and protocols based on recommendations from official health authorities, such as the World Health Organization (WHO). Additionally, #philips has mobilized resources to support the prevention and control of the COVID-19 outbreak. For example, the #philips Foundation with the support of #philips China, has donated medical equipment and supplies to the newly built Thunder God Mountain Hospital in Wuhan city to facilitate the diagnosis and treatment of pneumonia resulting from COVID-19 infections.

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