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PHG's fourth-quarter results reflect a decline in sales and earnings due to weaker demand in China, leading to lowered 2025 guidance and a cautious outlook.
Koninklijke Philips N.V. (NYSE:PHG ) Q4 2024 Earnings Call Transcript February 19, 2025 3:00 AM ET Company Participants Leandro Mazzoni - Head of Investor Relations Roy Jakobs - Chief Executive Officer Charlotte Hanneman - CFO Conference Call Participants Richard Felton - Goldman Sachs David Adlington - JP Morgan Hassan Al-Wakeel - Barclays Julien Dormois - Jefferies Lisa Clive - Bernstein Robert Davies - Morgan Stanley Graham Doyle - UBS Hugo Solvet - BNP Paribas Exane Giang Nguyen - Citi Julien Ouaddour - Bank of America Wim Gille - ABN AMRO ODDO Operator Welcome to The Royal Philips' Fourth Quarter and Full Year 2024 Results Conference Call on Wednesday, February 19, 2025.
Roy Jakobs, Royal Philips CEO, joins CNBC's 'Money Movers' to discuss the company's most recent earnings.
Dutch healthcare technology group Koninklijke Philips NV PHG stock is trading lower on Wednesday after the fourth quarter earnings missed expectations.
The maker of healthcare equipment reported lower sales and adjusted earnings than Wall Street had expected.
Worries about the strength of the Chinese market are weighing on international companies, with Koninklijke Philips (PHG) projecting lower sales in the country as its consumer appetite remains weak.
Roy Jakobs, CEO of Philips, discusses earnings and his business outlook.
Philips shares fell sharply on Wednesday as the Dutch healthcare equipment maker again warned on China and again triggered a big drop in its stock price.
Dutch healthcare technology company Philips forecast 2025 comparable sales growth between 1% and 3% on Wednesday after missing market expectations for the final quarter of last year partly due to a double-digit decline in China.
February 19, 2025 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced proposed Supervisory Board appointments and reappointments, and a proposed Board of Management reappointment. Mr David Pyott (British/American, 1953) will retire from Philips' Supervisory Board at the end of the Annual General Meeting of Shareholders 2025. Mr Pyott joined the Supervisory Board in 2015 and has served three consecutive terms. He has been Chair of the Quality & Regulatory Committee since May 2020. The Supervisory Board will propose to the Annual General Meeting of Shareholders 2025 the appointment of Mr Bob White (American, 1962) as a new member of the Supervisory Board. Following his appointment, Mr White will succeed Mr Pyott as Chair of the Quality & Regulatory Committee.