Philips Completes Share Buyback to Support Incentive Plans

Koninklijke Philips (PHG) has released an update.

Royal Philips has announced the repurchase of 1,262,739 of its own shares at an average price of EUR 27.24 per share from August 23 to August 29, 2024. This buyback is part of a program to fulfill the company’s commitments under its long-term incentive plans. The health technology leader, with a focus on innovation for health and well-being, reported 2023 sales of EUR 18.2 billion and has a global workforce of around 68,700 employees.

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