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.

Phillips shares fell sharply Wednesday as the Food and Drug Administration said there's an emerging safety issue involving its product for sleep apnea.

Philips shares slump as FDA says sleep product may overheat

The U.S. Food and Drug Administration said on Tuesday that it is alerting patients about a safety issue with Dutch healthcare technology company Philips' machines used for treatment of obstructive sleep apnea.

US FDA cautions on use of Philips' sleep apnea machines

Philips (PHG) unveils an array of AI-enabled innovations at RSNA23 to enhance diagnostic imaging capabilities across healthcare providers.

Philips (PHG) Bolsters Diagnostic Imaging With New Launches

November 28, 2023 Amsterdam, the Netherlands and Chicago, USA – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today launched three new fit for purpose MR Smart Fit coils at #RSNA23 . RF coils are an essential part of every MRI scan.

Philips launches ultra lightweight and flexible MR Smart Fit coils to improve radiology productivity and diagnostic confidence at #RSNA23

Philips (PHG) showcases BlueSeal MR Mobile to enhance diagnostic imaging capabilities across remote and rural communities.

Philips (PHG) Adds BlueSeal to its Diagnostic Imaging Portfolio

November 27, 2023 Improved imaging and advanced tools drive standardized workflow efficiency across multiple specialties Shared common interface and transducers let users move effortlessly between ultrasound systems for a more simplified user experience  Amsterdam, the Netherlands and Chicago, USA – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today placed workflow and efficiency at the heart of the next generation of its flagship ultrasound systems EPIQ Elite and Affiniti at #RSNA23 . Globally, ultrasound users are challenged with increased patient volume and staffing shortages – exacerbated by more complex cases.

Philips improves workflow and efficiency with next generation ultrasound systems EPIQ Elite and Affiniti at #RSNA23

November 26, 2023 BlueSeal MR Mobile's unique magnet technology advances patient outcomes and access to care with high quality diagnostic imaging and enhanced workflows Amsterdam, the Netherlands and Chicago, USA – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today showcases the world's first mobile MRI system with helium-free operations at #RSNA23 . BlueSeal MR Mobile [1], the industry's first and only 1.5T fully sealed magnet, delivers patient-centric MRI services where and whenever needed.

Philips showcases world's first mobile MRI system with helium-free operations at #RSNA23

November 26, 2023 New innovations help hospitals and health systems to consistently deliver accessible, high-quality care to patients in a sustainable way Amsterdam, the Netherlands and Chicago, USA – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today puts patients and healthcare providers center-stage at #RSNA23 , the world's largest medical imaging conference. Radiologists are looking for solutions to improve the performance of their departments and help patients with optimized workflows, shorter procedure times and user-friendly operations.

Philips launches new-AI enabled innovations at #RSNA23 that free up healthcare providers to focus on patient care

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Here's Why Royal Philips (PHG) is a Strong Growth Stock

November 16, 2023 To unlock patient data for precision diagnosis and treatment, the new partnership includes digital pathology, clinical informatics, and innovative AI-enabled diagnostics with an enterprise monitoring as a service model New York, NY –  Royal Philips (NYSE: PHG, AEX: PHIA) a global leader in health technology, and NYU Langone Health, the nation's top-ranked academic medical center, [1] today announced an 8-year strategic partnership valued up to USD 115 million and aimed at enhancing patient care through further innovation. With the new technologies, NYU Langone clinicians can collaborate in real-time, whether sharing pathology, imaging studies or patient data to support diagnostic confidence and tailor individualized care plans.

NYU Langone Health to adopt new Philips health technology solutions in multi-year partnership directed at patient safety, quality and outcomes

November 7, 2023 Total investment from the Bill & Melinda Gates Foundation reaches USD 60 million, accelerating expansion of new AI-guided ultrasound capabilities on Philips Lumify Handheld Ultrasound Innovation helps address worldwide shortage of healthcare workers by putting diagnostic tool previously reserved for expert technicians in the hands of midwives Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced it has received a second round of funding from the Bill & Melinda Gates Foundation to accelerate global adoption of AI algorithms on Philips Lumify Handheld Ultrasound. By using AI to simplify key measurements to identify abnormalities during pregnancy, training time to use the ultrasound system can be reduced from weeks to just hours, hugely expanding the pool of frontline health workers who can learn to use the technology and integrate it into routine care.

Philips program developing AI-powered ultrasound to expand access to maternal health receives major funding boost

BILLERICA, Mass.--(BUSINESS WIRE)--E Ink (8069.TWO), the originator, pioneer, and global commercial leader in ePaper technology, announced today that their customer, PPDS, announced the latest evolution of its multi-award-winning ePaper signage range, with the launch of the new 32-inch (16:9) Philips Tableaux 5150I Series using E Ink Spectra 6. E Ink launched Spectra 6 in April 2023 at Touch Taiwan, showcasing a level of color saturation and vividness not previously seen in a reflective display.

E Ink's Customer PPDS Launches First 32-inch Philips Tableaux ePaper Display Using E Ink Spectra™ 6

November 2, 2023 Amsterdam, the Netherlands and Farnborough, UK – Royal Philips  (NYSE: PHG, AEX: PHIA), a global leader in health technology and County Durham and Darlington NHS Foundation Trust (CDDFT), one of the largest integrated care providers in England, today announced the results of a comprehensive 360 sustainability analysis. The program identified key opportunities to reduce the carbon footprint and waste material within the intensive care unit (ICU) at Darlington Memorial Hospital.

Philips and County Durham and Darlington NHS Foundation Trust collaborate on a sustainability blueprint to reduce carbon emissions and waste

November 1, 2023 Reaching 15 million people in the region in 2022 alone [1], the foundation sets out plans to ramp up collaboration with social entrepreneurs Amsterdam, the Netherlands and Nairobi, Kenya – Philips Foundation, with its mission to provide access to quality healthcare for 100 million people a year by 2030, reports today on the significant progress made in improving access to maternal healthcare in Sub-Saharan Africa. Over five years across five distinct projects, Philips Foundation has made substantial progress through unique collaborations , improving access to maternal care for 15 million people in 2022 alone [1].

Philips Foundation marks five years of improving access to maternal care in Sub-Saharan Africa and sets out future plans

October 26, 2023 Safety of Philips' iFR in the guidance of percutaneous coronary intervention (PCI) for heart disease demonstrated in late-breaking science at TCT 2023 highlighting patient-level outcomes analysis of 42,000 patients from the National Swedeheart Quality Registry Previous data demonstrate that iFR delivers consistent patient outcomes, reduces discomfort and offers a more cost-effective and faster diagnostic solution [1,2] compared to FFR Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the latest results demonstrating the safety of Philips instant wave-free ratio (iFR) in the guidance of PCI. Philips is committed to clinically validating its innovations in cardiac and cardiovascular care.

iFR and FFR are equally safe to diagnose and treat heart disease according to largest-ever analysis of new real-world, long-term data

Philips' (PHG) third-quarter results benefit from strong momentum across the Diagnosis & Treatment, Connected Care and Personal Health businesses.

Philips (PHG) Q3 Earnings Beat Estimates, Revenues Rise Y/Y

Koninklijke Philips N.V (NYSE:PHG ) Q3 2023 Earnings Call Transcript October 23, 2023 4:00 AM ET Company Participants Leandro Mazzoni - Head of IR Roy Jakobs - CEO Abhijit Bhattacharya - CFO Conference Call Participants Hassan Al-Wakeel - Barclays David Adlington - JPMorgan Richard Felton - Goldman Sachs Lisa Clive - Alliance Bernstein Robert Davies - Morgan Stanley Veronika Dubajova - Citi Hugo Solvet - BNP Paribas Graham Doyle - UBS Sezgi Bice Ozener - HSBC Falko Friedrichs - Deutsche Bank Operator Welcome to the Royal Philips Third Quarter 2023 Results Conference Call on Monday, October 23, 2023. During the call, hosted by Mr.

Koninklijke Philips N.V (PHG) Q3 2023 Earnings Call Transcript

American depositary receipts (ADRs) of Philips (PHG) advanced as the health technology firm posted better-than-expected results and raised its outlook on improved operational performance.

Philips' Profit Rises After Simplifying Operations and Shoring Up Its Supply Chains

Dutch medical device maker Philips raised its 2023 earnings outlook on Monday after posting stronger third quarter sales and profits despite a recent setback for its sleep machines in the United States.

Philips raises outlook despite sleep machine saga

Dutch health technology company Philips on Monday raised its full-year outlook as it beat analyst expectations with a more than doubling of third-quarter core profit to 457 million euros ($483.3 million).

Dutch health tech company Philips raises outlook as Q3 profit jumps

October 23, 2023 Third-quarter highlights Group sales increased 11% on a comparable basis to EUR 4.5 billion Income from operations at EUR 224 million, compared to a loss of EUR 1,529 million in Q3 2022 Adjusted EBITA increased to EUR 457 million, or 10.2% of sales, compared to EUR 209 million, or 4.8% of sales, in Q3 2022 Comparable order intake was -9% compared to Q3 2022; order book remains strong Operating cash flow improved to EUR 489 million, compared to an outflow of EUR 180 million in Q3 2022 Restructuring and productivity plans on track with total savings of EUR 258 million in the quarter Outlook for full-year 2023 raised to 6-7% comparable sales growth and an Adjusted EBITA margin of 10-11% Roy Jakobs, CEO of Royal Philips: “Our improved operational performance was driven by our focus on execution to enhance patient safety and quality, strengthen our supply chain reliability and establish a simplified operating model. The order book remains strong, and we are taking the necessary actions to improve order intake by shortening lead times from order to delivery and building on the positive impact we are making with our innovations, for example in predictive data analytics and artificial intelligence across our portfolio, to help improve the quality and efficiency of care delivery.

Philips delivers strong sales growth, profitability and cash flow; raises full-year outlook

Koninklijke Philips' (PHG) third-quarter results are likely to reflect strength in the Diagnosis & Treatment and Connected Care segments amid macroeconomic challenges.

What's in the Cards for Koninklijke Philips' (PHG) Q3 Earnings?

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that once again, the company earned a spot on Forbes' 2023 “World's Best Employers” list. Philips has appeared within the top 100 for the past four years, and holds this position among the 700 organizations around the globe that were included in the 2023 list. Philips' ranking identifies the company as the best employer in the world in the Health Care Equipment & Se.

Philips ranks #1 in ‘Health Care Equipment & Services' sector on Forbes' 2023 ‘World's Best Employers' List

October 19, 2023 Sustainability roadmap addresses opportunities to reduce carbon emissions in patient throughput, technology use, and use of consumables Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the completion of a comprehensive hospital-wide analysis of Tampere Heart Hospital – Tampere University Hospital's (Finland) environmental sustainability, including a deep assessment of the interventional cardiology space and evaluation of its carbon footprint. The results of the analysis have been translated into a joint action plan that will help Heart Hospital accelerate its decarbonization efforts in line with Finland's world-leading commitment to reach net zero emissions by 2035.

Philips supports Tampere Heart Hospital in Finland to decarbonize its clinical operations

Philips (PHG) launches Visual Patient Avatar to help anesthesiologists with situational awareness in operating rooms, boosting their clinical confidence.

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