PHG Stock Recent News

Philips Healthcare beat earnings this morning, reporting $0.52 per share in profit. Sales growth was slow, but Philips promised improvement later in the year.

American depositary receipts (ADRs) of Koninklijke Philips (PHG) jumped Monday after it reporting second-quarter earnings that saw comparable sales increase year-over-year as solid demand in the rest of the world offset a sales drop in China.

Shares of Philips jumped 8.5% in early deals Monday after the Dutch medical equipment marker reported expectation-beating second-quarter earnings.

Philips reported second-quarter results that beat analysts' expectations on Monday, boosted by higher earnings and the implementation of its restructuring program.

July 29, 2024 Second-quarter highlights Group sales amounted to EUR 4.5 billion, with comparable sales growth of 2% Comparable order intake increased by 9% Income from operations EUR 816 million, including EUR 538 million insurance income*) Adjusted EBITA margin increased to 11.1% of sales Operating cash inflow of EUR 89 million, with a free cash outflow of EUR 64 million  Roy Jakobs, CEO of Royal Philips: “I am encouraged by our return to order intake growth this quarter, primarily driven by North America. Within a challenging macro environment we achieved strong margin improvement, supported by our productivity program, solid operational cashflow due to improved working capital management and comparable sales growth in line with our plan.

July 17, 2024 Patient monitoring platform to deliver tools and time to help patients across 40+ care sites Amsterdam, the Netherlands, and Cincinnati, Ohio – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology and Bon Secours Mercy Health (BSMH), one of the nation's largest Catholic health systems, today announced a multi-year strategic collaboration for patient monitoring. Putting BSMH clinicians in control, the collaboration will reduce the digital burden on staff and give them more time to spend with patients.

Philips (PHG) issues an urgent recall of SENSE XL Torso coils (1.5T and 3.0T) due to heating risks during MRI scans.

Advanced Manufacturing Minneapolis, now open for registration, will discuss and shape the future of the region's manufacturing landscape MINNEAPOLIS, MN / ACCESSWIRE / July 11, 2024 / Advanced Manufacturing Minneapolis , the Midwest's only annual end-to-end design and manufacturing event, today announces its keynote speakers set to discuss topics from artificial intelligence in medical devices to 3D technology in medicine, in the heart of the midwestern hub of medtech innovation, Minneapolis. Advanced Manufacturing Minneapolis, comprised of MD&M (Medical Design & Manufacturing Minneapolis), ATX (Automation Technology Expo), Design & Manufacturing, MinnPack, and Plastec events, returns October 16 &17 after a record-high 2023 event with over 5,300 attendees.

Dublin, July 04, 2024 (GLOBE NEWSWIRE) -- The "2024 Air Treatment Systems Market: Malaysia" report has been added to ResearchAndMarkets.com's offering.

U.S. asset management firm Artisan Investments has raised its stake in Philips to 10%, sending the healthcare technology group's shares rising on Wednesday, a week after the Dutch company's biggest shareholder also increased its holding.