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April 26, 2021 First-quarter highlights Following the agreement to sell the Domestic Appliances business to global investment firm Hillhouse Capital, this business is reported as a discontinued operation as of Q1 2021. Consequently, sales and results from the Domestic Appliances business are no longer included in the results of continuing operations. Group sales amounted to EUR 3.8 billion, with 9% comparable sales growth Comparable order intake decreased 5%, with double-digit growth in the Diagnosis & Treatment businesses and a double-digit decline in the Connected Care businesses on the back of 80% growth in Q1 2020 Income from continuing operations was a loss of EUR 34 million. Excluding the impact of a provision related to precautionary actions to address a component quality issue, income from continuing operations improved by EUR 139 million year-on-year. Income from continuing operations was EUR 17 million in Q1 2020.

United statesSteve klinkPhilips onebladeFrans van houtenPhilips groupDomestic appliances under international financial reporting standardsPhilips global press officeDomestic appliancesHillhouse capitalConnected careRoyal philipsPersonal healthCapsule technologiesDiagnostic imagingHospital patientPersonal care