飞利浦 Koninklijke Philips N.V.（PHG）2025年第四季度及全年业绩报告「NYSE」（英文版）（21页）.pdf

1、 Full year and quarterly reportQ4 2025Philips delivers full year 2025 with growth acceleration,strong margin expansion and solid cash flow;announces 2026-2028 targets at Capital Markets Day Amsterdam,February 10,2026Full year and Q4 highlights Comparable order intake growth 6%in 2025;up 7%in Q4 Grou

2、p sales of EUR 17.8 billion in 2025,EUR 5.1 billion in Q4;comparable sales growth 2%in 2025,7%in Q4 Income from operations was EUR 1,424 million in 2025;EUR 540 million in Q4 Adjusted EBITA margin increased 80 basis points to 12.3%of sales in 2025;up 160 basis points to 15.1%in Q4 Operating cash flo

3、w of EUR 1,172 million in 2025;EUR 1,391 million in Q4 Free cash flow of EUR 512 million in 2025;EUR 1,200 million in Q4 Productivity savings of EUR 0.8 billion in 2025;delivered 2023-2025 target of EUR 2.5 billion Proposed 2025 dividend of EUR 0.85 per share,in shares or cash at the option of the s

4、hareholder Outlook for 2026 publishedCapital Markets Day Philips sets out plan to drive profitable growth to deliver sustainable value,including new,integrated 2030 Impact Ambitions.Plan comprises three pillars:segment-specific growth strategies,innovation as a key growth driver and continued discip

5、lined execution Philips publishes 2026-2028 financial targets,including mid-single-digit comparable sales growth CAGR over the period and mid-teens Adjusted EBITA margin in 2028Roy Jakobs,CEO of Royal Philips:“In 2025,we delivered on our commitments as we scaled better care for more people.We streng

6、thened our company while navigating a dynamic macro-environment.We ended the year with strong order growth and sales,robust margin expansion despite tariffs,solid cash generation,and we exit the year with a robust balance sheet.Over the past three years,we have strengthened Philips at its core.Our e