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.

Dublin, June 06, 2024 (GLOBE NEWSWIRE) -- The "India Mixer Grinder Market 2023-2029 Segmentation, Growth, Companies, Revenue, Trends, Share, Outlook, Forecast, Industry, Analysis, Value & Size: Market Forecast By Motor Capacity, By End User, By Distribution Channels, By Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering. The Indian mixer grinder market witnessed significant growth in recent years owing to rising demand in the residential sector as well as hospitality sectors. The demand for mixer grinders experienced modest growth during COVID-19. In FY2020, COVID-19 had caused a small loss for the market which resulted in a suspension of economic activities, temporary shutdown in restaurants, and disruption in the supply chain causing adverse effects on the logistics market in India. However, during the lockdown, people started pursuing their hobbies of baking and cooking, large number of households were engaging in making new dishes for themselves as well as their families, which generated significant demand for mixer grinders in recent years. According to this research, the India Mixer Grinder Market is projected to grow at a CAGR of 10.7% during 2023-2029F. The primary reason for growth in the India mixer grinder industry can be attributed to the rapid urbanization and rising population. Moreover, changing lifestyles and awareness about the benefits of home-cooked food leads to boosting the sales of Mixer Grinder in the country. The mixer grinder market had seen a positive outlook during the pandemic owing to the adoption of a work-from-home culture by employees due to lockdown measures imposed by the government. Thus, people highly participated in cooking activities which generated a huge demand for mixer grinders during the pandemic. Additionally, in order to avoid the infection people prevented themselves from dining outside, which also acted as a catalyst for driving the mixer grinder market in the country. Market Segmentation by End User Residential vertical acquired the highest revenue share in the India mixer grinder market in 2021 on account of approximately 34.93% of the Indian population concentrated in urban cities of the country in 2020 and 40% by 2030 along with the booming real estate sector. Furthermore, increasing disposable income and young people with dual-income family members having a busier lifestyle are contributing towards the growth of mixer grinders in the residential sector. Market Segmentation by Distribution Channels Offline stores offer the availability of various brands in one place which provides easy accessibility to customers as people are quite interested in buying products after quality checking. Hence, offline channels boost the demand for mixer grinders in upcoming periods of time. Market Segmentation by Motor Capacity Mixer grinders with a Motor capacity of up to 550 W generate highest revenue in upcoming years as it is the preferred choice for individuals due to cost-effectiveness and higher usage in houses and low-dimension restaurants. Market Segmentation by Regions The Southern region is forecast to generate more revenue due to the great extent of the tourism and hospitality sector in this region. Moreover, people in these regions preferred more grinding and spices dishes which boosted the demand for mixer grinders. Key Attractiveness of the Report

India Mixer Grinder Market Forecast to 2029, Featuring Preethi Kitchen Appliances, Sujata Appliances, Bajaj Electricals, Orient Electric, TTK Prestige, Groupe SEB India, Usha, Bosch and Philips

Philips (PHG) boosts its Precision Diagnosis portfolio with an AI-powered ultrasound platform, strengthening its Diagnosis & Treatment segment.

Philips (PHG) Boosts Precision Diagnosis With AI Platform

Philips agreed to a $1.1 billion settlement over CPAP and ventilator machines. Users can sign up to be part of the payout if they haven't already joined in the lawsuit.

Philips CPAP Settlement: What to Know

May 30, 2024 First to provide helium-free operations in 2018, Philips marks milestone during installation in Puerto Rico Amsterdam, the Netherlands and Bayamón, Puerto Rico – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and world leader in proven helium-free [1] MRI operations, today announced the 1,111th installation of its revolutionary BlueSeal 1.5T magnet, which took place in Puerto Rico's Vida Imaging & Breast Center (Bayamón, Puerto Rico). Beyond its economic and sustainability benefits [2], helium-free MRI operations also increase resilience in the face of the tropical storms that hit Puerto Rico every year delivering quality care to patients who may otherwise not have access to advanced MRI scanning.

Philips celebrates 1.9m liters of helium saved as it marks 1,111 helium-free MRI operations installs, expanding care to more patients in more locations

Philips (PHG) expands its international footprint with the wide availability of VeriSight Pro 3D to several Hong Kong hospitals, strengthening its Diagnosis & Treatment segment.

Philips (PHG) Boosts Medical Imaging Footprint With New Move

May 23, 2024  Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the successful pricing of its offering of EUR 700 million fixed rate notes due 2032 (the “Notes”) under its European Medium Term Note (EMTN) program. The issue of the Notes will have a debt-neutral effect, as the net proceeds of the transaction will be used for repayment of debt in 2024 and 2025.

Philips successfully prices offering of Notes for EUR 700 million to be used for repayment of existing debt

Philips (PHG) announces the wide availability of its ambulatory cardiac monitoring service in Spain, boosting its patient monitoring solutions portfolio.

Philips (PHG) Strengthens Patient Monitoring Services in Spain

LONDON--(BUSINESS WIRE)--Martingale Risk, a specialist in global securities loss recovery, is originating a group action in the Netherlands against Philips on behalf of institutional investors, together with Grant & Eisenhofer as the Global Counsel and Old Haven Funding LLC as the Funder. As reported by the U.S. regulator, the Food and Drug Administration (FDA), starting from at least October 2015, Philips was notified by customer complaints regarding its respiratory devices (sleep therapy.

Martingale Risk – Philips Shareholders Group Action to be Filed in the Netherlands

May 22, 2024 Philips wearable ePatch and AI analytics platform help detect potentially life-threatening irregular heartbeats The solution helps University Hospital Vall d'Hebron achieve reduced average length of stay, relieve emergency room pressure, and reduce costs Amsterdam, the Netherlands, and Madrid, Spain – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the successful nationwide rollout of its ambulatory cardiac monitoring service in Spain using its unique wearable ePatch paired with its AI-driven Cardiologs analytics platform. 14 Spanish healthcare providers across the country are now using the company's ePatch extended wear Holter monitors to detect life-threatening heart arrhythmias such as atrial fibrillation (AF).

Philips ePatch and AI analytics platform rolled out to 14 hospitals across Spain to monitor heart patients

May 21, 2024 Progress towards Philips Foundation's 2030 target of 100 million lives improved in underserved communities each year 17 new initiatives with strategic partners and 4 new investments in health tech enterprises that leverage Philips' expertise in early screening and diagnosis Strategy focused on building local ecosystems that provide reliable, sustainable solutions to healthcare delivery issues in underserved communities Amsterdam, the Netherlands – Philips Foundation , with its mission to provide access to quality healthcare for 100 million people a year in underserved communities by 2030, today announced the publication of its 2023 Annual Report . Philips Foundation and its partners provided access to quality healthcare for over 28 million people in 2023 – an increase demonstrating the foundation's progress towards its 2030 target.

Philips Foundation 2023 Annual Report: unlocking quality medical services for over 28 million people in underserved communities

Philips' (PHG) AI-powered cardiac monitoring solutions demonstrate significantly lower re-admissions and a higher rate of survival in the retrospective study evaluating it in stroke patients.

Philips' (PHG) Reports Positive AI-Powered Cardiac Study Data

May 17, 2024 Three studies demonstrate how Philips MCOT wearable ambulatory monitoring ECG and proprietary AI models applied to ECG digital biomarkers can help to improve diagnosis, reduce readmissions, and lower costs Amsterdam, the Netherlands and Boston, USA –  Royal Philips (NYSE: PHG, AEX: PHIA) a global leader in health technology, is presenting new retrospective study results demonstrating the clinical and economic benefits of Philips' AI-powered cardiac care solutions at the Heart Rhythm Annual Meeting in Boston (May 16-19). With cardiovascular disease on the rise, clinicians and health systems continue to look for ways to deliver high-quality care that is both timely and cost-effective.

Philips presents study results at Heart Rhythm Annual Meeting demonstrating benefits of its AI-powered cardiac monitoring solutions

May 15, 2024 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), today announced that the exchange ratio for the dividend for the year 2023 is 1 new common share for every 29.2684 existing common shares. This ratio was based on the volume weighted average price on Euronext Amsterdam of May 9, 10 and 13, 2024, of EUR 24.8481 and was calculated in a manner that the gross dividend in shares will be approximately equal to EUR 0.85.

Philips announces exchange ratio for 2023 dividend

Philips' (PHG) software update for Trilogy Evo ventilators is set to mitigate a possible power malfunction and gets FDA Class I recall identification, as it may cause serious harm.

Philips' (PHG) Gets FDA Recall for Trilogy Ventilator Glitch

Haemonetics

Investors interested in stocks from the Medical - Products sector have probably already heard of Royal Philips (PHG) and Haemonetics (HAE). But which of these two stocks presents investors with the better value opportunity right now?

PHG vs. HAE: Which Stock Is the Better Value Option?

May 7, 2024 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), today announced that its shareholders approved all proposals at the Annual General Meeting of Shareholders (AGM) 2024, including: The re-appointment of Chairman Feike Sijbesma and Peter Löscher as members of the Supervisory Board. The appointment of Benoît Ribadeau-Dumas as member of the Supervisory Board.

Philips shareholders approve all proposals at the AGM 2024

Philips Avent introduced Share the Care brand positioning in March 2024 , encouraging families, friends and communities to better support moms so they can prioritize their well-being and self-care. CAMBRIDGE, Mass.

Philips Avent Supports March of Dimes' It Starts With Mom Initiative to Help New Moms Access Resources to Prioritize their Health and Well-being

Insider traders often operate on undisclosed information, giving them an unfair edge in forecasting stock market movements.

Insider trading? Health subcommittee member buys stock before lawsuit settlement

Philips' (PHG) first-quarter results benefit from strong momentum across the Diagnosis & Treatment and Personal Health businesses. However, softness in the Connected Care business is a concern.

Philips (PHG) Q1 Earnings Beat Estimates, Revenues Fall Y/Y

April 30, 2024 Philips AI-enabled diagnostic and experiential technologies help put patients at ease while empowering staff with faster, high-quality scans and increased diagnostic confidence Amsterdam, the Netherlands, and Miami, US – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Nicklaus Children's Health System, a nationally recognized leader in pediatric care, today announced a 10-year long-term strategic collaboration aimed at enhancing the patient and staff experience, enhancing outcomes and driving innovation in pediatric care. Serving over 500,000 patients a year, Nicklaus Children's will adopt Philips technologies such as the Ingenia Ambition X MR and EPIQ CVx ultrasound, with AI-enabled radiology workflow solutions to reduce exam times and the need for rescans, while increasing diagnostic confidence, resulting in faster diagnosis and treatment for patients.

Nicklaus Children's Health System, Philips to provide innovative patient and staff experience, helping to enhance outcomes for the smallest of patients

Koninklijke Philips (PHG) shares traded in the U.S. soared nearly 30% Monday morning after the Dutch medical devices giant agreed to a $1.1 billion settlement to pay out personal injury cases in the U.S. linked to the recall of some of its sleep apnea devices.

Philips Stock Soars as Company Reaches $1.1B Settlement in US for Sleep Apnea Devices

Philips Respironics announced that it agreed to pay over a billion dollars to settle claims stemming from the 2021 U.S. recall of its sleep therapy devices.

Philips pays $1.1B to settle sleep apnea device suits

Koninklijke Philips N.V. (NYSE:PHG ) Q1 2024 Earnings Conference Call April 29, 2024 4:00 AM ET Company Participants Leandro Mazzoni - Head of Investor Relations Roy Jakobs - Chief Executive Officer Abhijit Bhattacharya - Chief Financial Officer Conference Call Participants Richard Felton - Goldman Sachs Hassan Al-Wakeel - Barclays David Adlington - JPMorgan Veronika Dubajova - Citi Hugo Solvet - Exane BNP Paribas Graham Doyle - UBS Julien Dormois - Jefferies Julien Ouaddour - Bank of America Robert Davies - Morgan Stanley Sezgi Ozener - HSBC Falko Friedrichs - Deutsche Bank Edward Ridley-Day - Redburn Atlantic Operator Welcome to the Royal Philips First Quarter 2024 Results Conference Call, on Monday, April 29, 2024.

Koninklijke Philips N.V. (PHG) Q1 2024 Earnings Call Transcript

Koninklijke Philips (NYSE: PHG ) stock is climbing higher on Monday after the company announced a settlement connected to its recall of sleep apnea product Respironics. Koninklijke Philips has agreed to a $1.1 billion payment to settle the personal injury claims made against it via the lawsuit.

Why Is Koninklijke Philips (PHG) Stock Up 41% Today?

Dutch multinational Philips soared a remarkable 43% on Monday after settling a protracted class-action lawsuit in the US over allegedly faulty sleep apnea devices. Millions of the devices were recalled over fears that the polyester-based polyurethane foam used to reduce noise could break down and become toxic, potentially causing cancer.

News for Royal Philips Stock (PHG)