Philips to repurchase shares
By HME News Staff
Updated 12:17 PM CDT, Wed June 4, 2025
AMSTERDAM – Royal Philips will repurchase up to 6 million shares to cover certain of its obligations arising from its long-term incentive plans. At the current share price, the shares represent an amount of up to approximately EUR 125 million. The repurchases will be executed through one or more individual forward transactions to be entered into in the course of the second and third quarter of 2025, in accordance with the Market Abuse Regulation and within the limits of the authorization granted by the company’s general meeting of shareholders on May 8, 2025. Philips expects to take delivery of the shares in 2027.
Related: Philips reported group sales of EUR 4.1 billion for the first quarter of 2025, a 2% decline.
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