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.

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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.

Philips' new boss plans to slash 4,000 jobs, equating to 5% of the Dutch technology giant's workforce, in a bid to restore its reputation following issues with some of its medtech products, Reuters has reported. The job cuts will be part of a €300mln restructuring programme to try and cut costs and bolster productivity.

Philips' new boss confirms 4,000 job cuts to restore its reputation and patient safety

The Dutch healthcare conglomerate said that the job cuts, which amount to about 5% of its 80,000 workforce, would save Philips almost $300 million, a year.

Philips to Cut 4,000 Jobs as Big Recall, Supply Snags Hit Earnings

Royal Philips NL, +3.00% PHIA, -2.66% on Monday said it will "immediately" cut 4,000 jobs after reporting a bigger-than-expected loss on Monday. Roy Jakobs, chief executive officer, announced the layoffs in a shareholder note, saying the company faces "multiple challenges and our earnings reflect this.

Philips to cut 4,000 jobs 'immediately' after bigger-than-expected loss

Royal Philips swings to wider-than-forecast net loss of $1.31 billion

Dutch medical equipment maker Philips said on Monday it expected to scrap around 4,000 jobs as it tried to streamline its organisation after a massive recall slashed around 70% off its market value in the past year.

Philips to cut 5% of its workforce after medical equipment recall

Philips' Q3 performance impacted by operational and supply challenges; company is taking immediate actions to restore performance

Philips advances MR radiotherapy imaging and simulation for head and neck cancers

The medical technology company disappointed investors yet again this week.

Why Shares in Philips Fell Sharply This Week

Philips expands rollout of its ClarifEye augmented reality surgical navigation solution to Japan

The company expects a big write-down in Q3.

Why Koninklijke Philips Stock Is Sinking Today

New microsite experience uses custom playlists to motivate people to take two minutes for themselves and offers a chance to win three months free of Spotify Premium STAMFORD, Conn. , Oct. 12, 2022 /PRNewswire/ -- Philips Sonicare, the #1 dental professional recommended sonic toothbrush brand worldwide, is using Spotify, the world's most popular audio platform, to bring people customized playlists that help provide motivation during daily rituals.

Philips Sonicare Leverages Spotify to Encourage Two Minutes More for Self-Care

Dutch health technology firm Philips warned on Wednesday that it would take a further 1.3-billion-euro ($1.26-billion) hit from a huge recall of faulty sleep respirators.

Philips warns of fresh hit from respirator recall

Shares of Philips dropped 8% to their lowest level since 2012 after the Dutch tech company issued its second profit warning this year, forewarning that supply chain problems will impact sales and third-quarter profits.

Philips stock slumps 8% after issuing profit warning

The Dutch healthcare conglomerate warned that worse-than-expected disruptions in its supply chain would hurt third-quarter sales and profit as it grapples with the fallout from a recall of its sleep-apnea devices.

Philips to Take $1.3 Billion Write-Down on Sleep-Apnea Business

Dutch health technology company Philips said on Wednesday its third-quarter core profit would drop around 60%, and it flagged a charge of 1.3 billion euros ($1.26 billion) on the value of its plagued sleep and respiratory care business.

Philips expects profit to drop with $1.3 bln hit to sleep business

Philips provides update on its financial performance in Q3 2022

Philips shareholders appoint Roy Jakobs as next President and Chief Executive Officer

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Investors should look for opportunities in international equities as the dollar continues to gain and retain strength, says David Herro – the Vice President of Oakmark Funds.   U.S. dollar index hits a forty-year high “DXY” at a twenty-year high of 114 on Tuesday is largely a bane for the home companies.

Buy ‘international equities' to capitalise on strong U.S. dollar: Pro

Philips (PHG) is launching cardiac solutions to further benefit from its tried-and-tested strategic operational decision to build new products to attract more customers.

Philips (PHG) to Showcase New Innovations & Cardiac Solutions

New partnership aims to empower confident, bright smiles with Philips One by Sonicare. STAMFORD, Conn.

PHILIPS SONICARE ANNOUNCES MARSAI MARTIN AS FIRST EVER COME BACK COACH

Philips showcases clinical data and solutions designed to deliver better cardiac care with greater efficiency at TCT 2022

Philips highlights FetView cloud-based image sharing and reporting software for obstetrics and gynecology at ISUOG 2022

Philips Foundation and RAD-AID International embark on a multi-year cross-continental partnership to increase access to ultrasound services for 50 million people in low- and middle-income countries

Dutch shareholders association VEB is threatening to take Philips to court over its handling of a worldwide recall of respiratory machines, claiming it caused billions in losses by giving incorrect information to shareholders, Dutch paper FD reported on Monday citing a letter the VEB sent the company.

Dutch shareholders threaten to sue Philips over recall -media

Philips (PHG) is building the world's first spectral detector angio CT solution by forging an alliance with the Leiden University Medical Center.

Philips (PHG) Expands Partnership to Build Angio CT Solution

News for Royal Philips Stock (PHG)