Philips delivers growth, improved profitability, and strong cash flow in Q4 and 2024; continues solid execution of its three-year plan
February 19, 2025 Full Year and Q4 Group performance highlights Sales of EUR 18.0 billion in 2024, comparable sales growth 1%; EUR 5.0 billion in Q4, comparable sales growth 1%, despite double-digi...
Philips, World Bank, and Ukraine Ministry of Health announce successful deployment of nationwide acute stroke care upgrade, helping thousands of pa...
February 10, 2025 Groundbreaking program that provides technology and training is reducing the impact of stroke, one of the leading causes of death and disability, by establishing an advanced natio...
Philips 66: Refining Hurts Q4, But Long-Term Value Remains
Phillips 66 shares have underperformed due to weak refining margins, but I remain bullish given the company's diversified business and cost rationalization efforts. Despite a Q4 loss, PSX's midstre...
Philips appoints Jie Xue as Chief Business Leader Precision Diagnosis, co-leader of the Diagnosis & Treatment segment, and Özlem Fidanci as Chief o...
January 9, 2025 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the appointment of Jie Xue as Chief Business Leader Precisio...
Seoul Semiconductor: Philips Lighting Products Ordered to Recall 7-Year-Old Items
SEOUL, South Korea--(BUSINESS WIRE)-- #CRI70--The German Federal Patent Court has confirmed the validity of Seoul Semiconductor's patents related to the CRI 70 technology.
Philips is focused on a 'resilient and agile' supply chain: CEO
Philips (PHG) CEO Roy Jakobs sits down with Catalysts Hosts Seana Smith and Madison Mills to discuss the health tech company's strategy for President-elect Donald Trump's second term in the White H...
Philips optimizes CT workflows with in-house AI, launches CT 5300 in North America at #RSNA2024
December 1, 2024 Philips CT 5300 combines innovative hardware, software, and artificial intelligence to make high-quality screening, diagnostic, and interventional imaging accessible to more patien...
Philips and AWS expand strategic collaboration to advance HealthSuite cloud services and power generative AI workflows
November 26, 2024 Cloud-enabled integrated diagnostics portfolio aims to unify workflows, improve access to critical insights, and drive better outcomes for patients Amsterdam, the Netherlands – Ro...
Philips unveils next-generation BlueSeal helium-free MRI system, integrated with AI-enabled Smart Reading at #RSNA24
Nov. 21, 2024 Industry's first wide bore, high-performance helium-free [1] 1.5T MR features AI assistance at every step in the MRI workflow, with seamless integration of cloud-based AI image readin...
Philips Q3 Earnings Beat: Will Weak Outlook Drag the Stock Down?
PHG's third-quarter results reflect improved earnings but highlight challenges with declining sales in China and growth in other regions, showcasing mixed performance.
Philips Stock Crashes On China Slump
Philips' Q3 earnings showed flat sales but improved margins, driven by better productivity and pricing, despite weak performance in China. Risks include significant exposure to the Chinese market a...
Philips Stock Tanks on Outlook Cut as Demand Deteriorates in China
American depositary receipts (ADRs) of Koninklijke Philips (PHG) are tumbling more than 15% in premarket trading Monday after the Dutch conglomerate cut its 2024 sales outlook amid a "significant d...
China's Weak Economy Is Weighing on Stocks. Philips Is the Latest to Suffer.
It's a reminder of how sluggish demand in the world's second-largest economy could cause problems for the likes of Starbucks and Marriott.
Philips shares slide as company blames China for lowered sales outlook
Shares of Philips slumped on Monday as the Dutch healthcare devices company lowered its sales outlook for the year.
'We need to adjust to a new speed of growth in China,' Philips CEO says
Roy Jakobs, CEO of Philips, discusses the health care device maker's third-quarter results.
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