04:05 AM EDT, 06/04/2025 (MT Newswires) -- Philips (PHG) said Wednesday it will repurchase up to 6 million shares, worth around 125 million euros ($142.3 million) at current prices.

The company said the buyback is intended to meet obligations under its long-term incentive programs.

The purchases will be made through one or more forward contracts to be signed during Q2 and Q3, the company said.