News

Quarterly report 1st quarter 2020 is published

30 April 2020

The quarterly report for the first quarter of 2020 has been published. You can download the report via our website. 

In the first quarter, the current coverage ratio decreased from 117.0% at the end of December 2019 to 101.8% at the end of March 2020. The decrease in the coverage ratio was due to the outbreak of the corona virus. In order to limit further spread of the virus, governments were forced to introduce many restrictive measures in socio-economic traffic in the first quarter. As a result, the global economy entered a deep recession. As a result, stock markets have fallen sharply. Interest also fell in the first quarter. Both cases have led to a very sharp drop in the current funding ratio of just over 15 percentage points.

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Download quarterly report

26 July 2020

Read how Philips Pensioenfonds is doing financially

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