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Philips Delivers Q2 Sales of EUR 4.4 Billion, with 6% Comparable Sales Decrease; Income from Continuing Operations of EUR 213 Million, Adjusted EBITA Margin of 9.5% and Operating Cash Flow of EUR 558 Million

Amsterdam, NETHERLANDS, July 20 (Korea Bizwire) - Second-quarter highlights • Sales amounted to EUR 4.4 billion, with a 6% comparable sales decrease • Comparable order intake increased 27% • Income from continuing operations was EUR 213 million, compared to EUR 260 million in Q2 2019 • Adjusted EBITA margin was 9.5% of sales, compared to 11.8% [...]

Philips Appoints Deeptha Khanna as Chief Business Leader of the Personal Health Businesses and Edwin Paalvast as Chief of International Markets

Amsterdam, the Netherlands, July 16 (Korea Bizwire) – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, today announced the appointment of Deeptha Khanna as the Chief Business Leader of its Personal Health businesses, effective July 20, 2020, and the appointment of Edwin Paalvast as Chief of International Markets, effective August 1, 2020. Ms. [...]

Philips and Flevo Hospital Sign Long-term Strategic Partnership Agreement Enabling Continuous Innovation and Optimization of Patient Care

Amsterdam, the Netherlands, July 14 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Flevo Hospital today announced they have signed a 10-year strategic partnership agreement to continuously innovate and optimize patient care in the Almere region of the Netherlands. The collaboration has four strategic priorities: 1) Achieving the strategic [...]

Philips and BioIntelliSense Form Strategic Collaboration to Enhance Remote Patient Monitoring for At-risk Patients from the Hospital into the Home

Amsterdam, the Netherlands, July 9 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced it has formed a strategic collaboration with BioIntelliSense, a continuous health monitoring and clinical intelligence company, to integrate its BioSticker™ medical device into Philips’ remote patient monitoring (RPM) offering to help monitor at-risk patients from the [...]

U.S. Department of Veterans Affairs Selects Philips to Create World’s Largest Tele-critical Care System, Further Integrating Tele-health and Delivering Quality Care for Veterans

Amsterdam, the Netherlands and Cambridge, MA, U.S., July 8 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that the U.S. Department of Veterans Affairs (VA) has awarded a contract to Philips to expand VA’s tele-critical care program, creating the world’s largest system to provide veterans remote access to [...]

Philips Introduces First-of-a-kind Mobile ICUs in India to Tackle COVID-19 and Other Emergencies

Amsterdam, the Netherlands and New Delhi, India, July 7 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced it introduced first-of-its-kind mobile Intensive Care Units (ICUs) in India. Designed to meet the critical-care requirements of patients, each prefabricated ICU has a capacity of nine beds. The units will be [...]

Philips Announces Exchange Ratio for 2019 Dividend

Amsterdam, the Netherlands, July 6 (Korea Bizwire) – Royal Philips (NYSE: PHG; AEX: PHIA) today announced that the exchange ratio for the dividend for the year 2019 has been determined. The exchange ratio is 1 new common share for every 49.2971 existing common shares. This ratio was based on the volume weighted average price on Euronext Amsterdam [...]

Philips Expands its Remote Clinical Collaboration Offering Based on the Reacts Platform

Amsterdam, the Netherlands, June 29 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it is expanding its remote clinical collaboration and virtual training offerings across its portfolio, building on the IIT* (Innovative Imaging Technologies) Reacts collaborative platform. Leveraging innovative technologies, such as augmented reality, for remote virtual guidance, supervision [...]

Philips’ General Meeting of Shareholders Approves Dividend Proposal

Amsterdam, the Netherlands, June 26 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA) announced that today’s Extraordinary General Meeting of Shareholders (EGM) approved the proposal to declare a distribution of EUR 0.85 per common share against the net income for 2019, in shares only. The dividend timetable is as follows: Ex-dividend date June 30, 2020 Dividend [...]

New Data Reconfirms Long-term Safety Profile of the Philips Stellarex Low-dose Drug-Coated Balloon

Amsterdam, the Netherlands, June 26 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the four-year results from the ILLUMENATE European Randomized Controlled Trial (EU RCT). The Stellarex DCB cohort demonstrated similar all-cause mortality compared with the control arm through four years. This analysis included missing data found post [...]