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Philips Delivers First-quarter Results in Line with 2024 Performance Improvement Plan; Resolves the Respironics Personal Injury and Medical Monitoring Litigation in the US for USD 1.1 Billion

April 29, 2024 (Korea Bizwire) First-quarter highlights Group sales amounted to EUR 4.1 billion, with comparable sales growth of 2.4% Comparable order intake -3.8%, mainly due to China USD 1.1 billion Respironics litigation settlement reached in the US (provision recognized of EUR 982 million) Income from operations EUR -824 million, including above provision Adjusted EBITA [...]

Philips Convenes the Annual General Meeting of Shareholders 2024

March 22, 2024, Amsterdam, the Netherlands (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), today announced it has convened the Annual General Meeting of Shareholders (AGM) 2024 and published the agenda with explanatory notes. As previously announced, the agenda includes: Proposals to re-appoint Chairman Feike Sijbesma (Dutch, 1959) and Peter Löscher (Austrian, 1957) as members of the [...]

Leading in Health Technology Innovation: Philips One of the Top Patent Applicants at European Patent Office

Amsterdam, the Netherlands, March 19, 2024 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it is one of the leading patent applicants at the European Patent Office (EPO). Building on more than 130 years of innovation, Philips’ extensive global R&D programs and collaborations position the company at the [...]

Philips and AWS Collaborate to Scale Digital Pathology in the Cloud, Enhancing Diagnostic Capabilities and Improving Productivity

March 12, 2024 Cloud offering will help improve workflow integration, access, and reliability, delivering greater productivity and collaboration Collaboration combines best of clinical workflow leadership with scalable cloud solution to help accelerate decision-making and further transform patient care Amsterdam, the Netherlands and Orlando, USA (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in [...]

Health Technology Leader Philips Recognized as Clarivate Top 100 Global Innovator

March 6, 2024 (Korea Bizwire) – Company’s innovative products and solutions improved the lives of 1.9 billion people in 2023 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has been included in the 2024 Clarivate Top 100 Global Innovator™ list. Philips’ global R&D programs and collaborations aim to deliver personal [...]

Bringing Confident Diagnosis to More Patients at Low Cost: Philips Launches New AI-enabled CT 5300 at #ECR2024

February 29, 2024 (Korea Bizwire) New CT 5300 system provides more accurate and reliable imaging results to better manage increase in complex cardiac cases where precise patient diagnosis is crucial Philips’ latest innovation leverages the power of AI at every stage in CT scanner operation to enhance productivity and diagnostic capabilities of high-throughput, short-staffed radiology departments [...]

Philips Extends Leadership in Virtually Helium-free MRI with More Than 1,000 Systems Installed, Expanding Patient Access Worldwide

February 28, 2024 (Korea Bizwire) At #ECR2024, company also debuting Europe’s first mobile virtually helium-free MRI system Amsterdam, the Netherlands and Vienna, Austria – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced a significant milestone as it expands access to virtually helium-free [1] MRI to more patients in more places, with more [...]

Philips Launches New Azurion Neuro Biplane System at #ECR2024 to Speed Up and Improve Minimally Invasive Diagnosis and Treatment of Neurovascular Patients

February 27, 2024 (Korea Bizwire) New image-guided therapy system is a complete interventional solution for confident diagnosis, image guidance, and therapy assessment of patients with stroke or other neurovascular diseases Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced major enhancements to its Image Guided Therapy System – [...]

Philips Delivers Strong ESG Performance in 2023

February 20, 2024 (Korea Bizwire) 1.88 billion lives improved by Philips’ health technology products and services; on track to improve 2 billion lives by 2025 Through its industry leading innovations and partnerships, Philips helps increase access to healthcare globally and create sustainable and resilient healthcare models Philips expanded its circular revenues to 20% of sales; remained [...]

Philips Proposes to Re-appoint Chairman Feike Sijbesma and Peter Löscher and Nominates Benoît Ribadeau-Dumas as Member of the Supervisory Board

February 20, 2024 (Korea Bizwire) Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it proposes to re-appoint Chairman Feike Sijbesma and Peter Löscher as members of the Supervisory Board and to appoint Benoît Ribadeau-Dumas as new member of the Supervisory Board to the Annual General Meeting [...]