Royal Philips

Koninklijke Philips NV is a technology company, which engages in the healthcare, lighting, and consumer well-being markets. It operates through the following segments: Diagnosis and Treatment businesses; Connected Care businesses; Personal Health businesses; and Other. The Diagnosis and Treatment businesses segment consists systems, smart devices, software and services, powered by AI-enabled informatics-that support precision diagnoses and minimally invasive procedures in therapeutic areas such as cardiology, peripheral vascular, neurology, surgery, and oncology. The Connected Care businesses segment consists Hospital Patient Monitoring, Emergency Care, Sleep & Respiratory Care and Connected Care Informatics. The Personal Health businesses segment consists of Oral Healthcare, Personal Care,Mother and Child Care. The Other segment reports on the items Innovation & Strategy, IP Royalties, Central costs, and other small items. The company was founded by Anton Frederik Philips and Gerard Leonard Frederik Philips in 1891 and is headquartered in Amsterdam, the Netherlands.

Earnings data Q1 2021

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Koninklijke Philips NV is a technology company, which engages in the healthcare, lighting, and consumer well-being markets. It operates through the following segments: Diagnosis and Treatment; Connected Care; Personal Health; and Other. The Diagnosis and Treatment segment consists of systems, smart devices, software, and services, powered by AI-enabled solutions that support precision diagnoses and minimally invasive treatment in therapeutic areas such as cardiology, peripheral vascular, neurology, surgery, and oncology. The Connected Care segment focuses on Hospital Patient Monitoring, Sleep and Respiratory Care, and Enterprise Informatics. The Personal Health segment represents Oral Healthcare business unit, Personal Care business unit, and Mother and Child Care business unit. The Other segment is involved on the Innovation and Strategy, IP Royalties, Central costs, and other small items. The company was founded by Anton Frederik Philips and Gerard Leonard Frederik Philips in 1891 and is headquartered in Amsterdam, the Netherlands.

Dutch health technology company Philips said on Monday it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked off 70% of its market value.

Philips scraps 6,000 jobs in drive to improve profitability

January 30, 2023. Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today presents its plan to create value with sustainable impact based on focused organic growth and scalable innovation, with improved execution as the key value driver. Starting at 10:00 am CET, the company will host a webcast with Philips CEO Roy Jakobs, CFO Abhijit Bhattacharya, and other Philips leaders.

Philips presents its plan to create value with sustainable impact

Group sales amounted to EUR 5.4 billion, with 3% comparable sales growth driven by component supply improvements, while Philips' supply chain conditions remain challenging

Philips sees some improvement in Q4 2022 and takes firm actions to address operational challenges in an uncertain environment

CAMBRIDGE, Mass.--( BUSINESS WIRE )--Forbes Magazine awarded Royal Philips (NYSE: PHG, AEX: PHIA), global leader in health technology, with a perfect score, 5 out of 5 points, for its Pregnancy+ Application as part of the Forbes “Best Pregnancy Apps of 2023” list.

Philips Pregnancy+ Application gets perfect score from Forbes “Best Pregnancy Apps of 2023”

CAMBRIDGE, Mass. & LANSING, Mich.--( BUSINESS WIRE )--To help connect pregnant and postpartum Michigan residents to support and assistance, the Michigan Department of Health and Human Services (MDHHS) has selected Royal Philips, (NYSE: PHG, AEX: PHIA) a global leader in health technology to provide access for Medicaid-eligible families to the Philips Pregnancy+ mobile application. The Philips Pregnancy+ App is the most downloaded pregnancy app in the world, with over 55 million downloads globally. It supports parents from the moment they discover they are pregnant by offering personalized content, expert-written information, as well as interactive 3D models to track a baby's development.

Michigan Department of Health and Human Services Selects Philips to Improve Access to Vital Resources for Expectant Moms Through Pregnancy+ Application

Masimo

IRVINE, Calif. & ANDOVER, Mass.--( BUSINESS WIRE )--Masimo (NASDAQ: MASI) and Royal Philips (NYSE: PHG, AEX: PHIA) today announced an expansion of their partnership to augment patient monitoring capabilities in home telehealth applications with the Masimo W1™ advanced health tracking watch. The W1 will integrate with Philips's enterprise patient monitoring ecosystem to advance the forefront of telemonitoring and telehealth. The combined innovation, which draws upon the two global medical technology leaders' extensive expertise in monitoring, connectivity, and automation, will be highlighted later this month at Arab Health 2023.

Masimo and Philips Expand Partnership to Improve Telehealth for Patients and Clinicians Around the World with the Masimo W1™ Watch

Dutch health technology company Philips said on Wednesday independent tests on its respiratory devices involved in a major global recall had shown limited health risks.

Philips says tests on recalled products show limited health risks

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA) today provides an update on the comprehensive test and research program of its subsidiary Philips Respironics, following the voluntary recall notification/field safety notice* to address potential health risks related to the polyester-based polyurethane (PE-PUR) sound abatement foam in specific CPAP, BiPAP and mechanical ventilator devices.

Philips provides update on completed set of test results for first-generation DreamStation sleep therapy devices

CAMBRIDGE, Mass. & TALLAHASSEE, Fla.--( BUSINESS WIRE )--Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has entered into a research partnership with U.S. magnet solutions provider MagCorp to explore superconducting magnets for MR scanners that do not require cooling to ultra-low temperatures (-452 °F or -269 °C) using liquid helium. Developing more sustainable alternatives to helium-cooled MRI magnets at a lower cost has the potential to offer significant benefits by making advanced MR imaging available to more patients in more diverse settings as well as potentially reducing radiology department capital and operating costs.

Philips Signs Research Agreement to Explore New Magnet Technologies

Koninklijke Philips (PHG) banks on its new AI solutions to address issues faced by Radiology experts in the healthcare industry and drive prospects.

Philips (PHG) Showcases New AI-Based Solutions at the RSNA

Philips stock has shown a spectacular decline over the last year due to problems at the Respironics division. Additionally, supply chain issues remain persistent and the company showed a lack of pricing power to counter inflation.

Philips: Management Not In Control

Philips debuts new AI-enhanced informatics solutions to increase diagnostic confidence with intelligence at every step of the radiology workflow at RSNA

Philips launches new compact ultrasound system at RSNA 2022, allowing first-time-right diagnosis for more patients

Philips advances AI-powered diagnostic systems and transformative workflow solutions at RSNA 2022

The U.S. Food and Drug Administration (FDA) on Wednesday said Philips filed 21,000 medical device reports in connection with faulty foam in its ventilation and sleep apnoea devices in the Aug-Oct 2022 period.

FDA says Philips filed 21,000 reports on bad foam Aug-Oct.

A series of negative events have caused the stock to shed more than $40B in market value since June 2021. The magnitude of this decline is disproportionate relative to fundamentals.

Philips: Disproportionate Decline

Seagate Technology Holdings PLC

Forbes is tracking the biggest layoffs in the U.S. this year as companies react to fears of a looming recession.

Seagate Cuts 3,000 Employees While Philips Slashes 4,000—Here Are The Biggest U.S. Layoffs This Year

"Shavetopia" will allow Roblox users to purchase facial hairstyles for their online avatars this fall STAMFORD, Conn. , Oct. 26, 2022 /PRNewswire/ -- Philips Norelco recently launched "Shavetopia" – an interactive hub on Roblox that gives users the ability to choose from a variety of avatar facial hairstyles.

Philips Norelco creates interactive metaverse experience on Roblox

Koninklijke Philips' (PHG) Q3 top and bottom-line results reflect the negative impact of supply chain constraints, COVID lockdowns in China and the Russia-Ukraine war.

Philips' (PHG) Q3 Earnings Down on Supply Chain Constraints

More Precise Diagnoses, Efficient Monitoring and Comfortable Patient Experiences are Hallmarks of Advanced Medical Technologies in the New HealthAlliance Hospital

Philips Cuts 4,000 Employees—Here Are The Biggest U.S. Layoffs This Year

Philips highlights latest advances in stroke care at the 2022 World Stroke Congress

Koninklijke Philips N.V. (NYSE:PHG ) Q3 2022 Earnings Conference Call October 24, 2022 4:00 AM ET Company Participants Leandro Mazzoni - Head, Investor Relations Roy Jakobs - Chief Executive Officer Abhijit Bhattacharya - Chief Financial Officer Conference Call Participants Hassan Al-Wakeel - Barclays Veronika Dubajova - Citi David Adlington - J.P.

Koninklijke Philips N.V. (PHG) Q3 2022 Earnings Call Transcript

Health care technology company Royal Philips NV employs roughly 80,000 employees. Philips chief executive Roy Jakobs called the job cuts "difficult, but necessary.

Philips to cut 4K jobs worldwide amid falling sales

Dutch medical device manufacturer Philips said Monday it will slash 4,000 jobs after a massive financial hit for a recall of faulty sleep respirators pushed it into loss.

Philips to cut 4,000 jobs as recall losses deepen

News for Royal Philips Stock (PHG)