Philips faces French investigation over sleep apnea reca Paris prosecutors opened a criminal probe into Philips in June over its recall of sleep apnea devices, probing possible charges including aggravated fraud and failure to report safety incidents that could cause death, they said today. Business • 08 Sep
Philips faces French investigation over sleep apnea reca Paris prosecutors opened a criminal probe into Philips in June over its recall of sleep apnea devices, probing possible charges including aggravated fraud and failure to report safety incidents that could cause death, they said today. Business • 08 Sep
Philips sees tariffs impact of €150-200m after US-EU deal Dutch healthcare technology company Philips has today lowered its estimated impact from import tariffs after the US and the European Union agreed to the US imposing a 15% rate on most EU goods. Business • 29 Jul
Philips sees tariffs impact of €150-200m after US-EU deal Dutch healthcare technology company Philips has today lowered its estimated impact from import tariffs after the US and the European Union agreed to the US imposing a 15% rate on most EU goods. Business • 29 Jul
Irish medtech company signs global licence with Philips Head Diagnostics, an Irish medtech company headquartered at NovaUCD in Dublin, has signed an exclusive global licence with Philips for a digital cognitive assessment platform. Business • 17 Jul
Irish medtech company signs global licence with Philips Head Diagnostics, an Irish medtech company headquartered at NovaUCD in Dublin, has signed an exclusive global licence with Philips for a digital cognitive assessment platform. Business • 17 Jul
Philips cuts profit estimates as trade war clouds outlook Dutch healthcare technology company Philips has today cut its profit margin forecast for 2025, citing a net impact from tariffs of between €250-300m despite "substantial tariff mitigations". Business • 06 May
Philips cuts profit estimates as trade war clouds outlook Dutch healthcare technology company Philips has today cut its profit margin forecast for 2025, citing a net impact from tariffs of between €250-300m despite "substantial tariff mitigations". Business • 06 May
Philips' losses worse than expected in 2024 Philips has today posted worse-than-expected losses in 2024, as the Dutch medical device maker bids to turn the page on a damaging recall of faulty sleep machines. Business • 19 Feb
Philips' losses worse than expected in 2024 Philips has today posted worse-than-expected losses in 2024, as the Dutch medical device maker bids to turn the page on a damaging recall of faulty sleep machines. Business • 19 Feb
Philips beats expectations with second quarter results Philips reported second-quarter results that beat analysts' expectations today, boosted by higher earnings, the implementation of its restructuring program and insurance income linked to its Respironics product liability claims. Business • 29 Jul 24
Philips beats expectations with second quarter results Philips reported second-quarter results that beat analysts' expectations today, boosted by higher earnings, the implementation of its restructuring program and insurance income linked to its Respironics product liability claims. Business • 29 Jul 24
Philips agrees deal with FDA over ventilator recall Dutch health technology company Philips said today it had reached an agreement on the terms of a settlement with the US Food and Drug Administration (FDA) over a large-scale recall of ventilators. Business • 29 Jan 24
Philips agrees deal with FDA over ventilator recall Dutch health technology company Philips said today it had reached an agreement on the terms of a settlement with the US Food and Drug Administration (FDA) over a large-scale recall of ventilators. Business • 29 Jan 24
Signify unveils new structure, targets €200m in savings Signify, the world's biggest maker of lights, announced a new organisation structure today targeting savings of €200m a year, which sent its shares rising more than 5%. Business • 01 Dec 23
Signify unveils new structure, targets €200m in savings Signify, the world's biggest maker of lights, announced a new organisation structure today targeting savings of €200m a year, which sent its shares rising more than 5%. Business • 01 Dec 23
Philips shares drop as new order decline clouds outlook Shares of Dutch health technology company Philips dropped 4% today as strong quarterly earnings and an upgraded outlook for 2023 could not offset worries about a continuing fall in new orders. Business • 23 Oct 23
Philips shares drop as new order decline clouds outlook Shares of Dutch health technology company Philips dropped 4% today as strong quarterly earnings and an upgraded outlook for 2023 could not offset worries about a continuing fall in new orders. Business • 23 Oct 23
Exor takes 15% stake in Philips for around €2.6 billion Healthcare technology company Philips said today that Dutch investment firm Exor has taken a 15% stake in the company in a deal worth around €2.6 billion. Business • 14 Aug 23
Exor takes 15% stake in Philips for around €2.6 billion Healthcare technology company Philips said today that Dutch investment firm Exor has taken a 15% stake in the company in a deal worth around €2.6 billion. Business • 14 Aug 23
Philips shares jump on recall provision, profit jump Philips shares jumped 13% today as the Dutch health technology company reported much better than expected first-quarter results. Business • 24 Apr 23
Philips shares jump on recall provision, profit jump Philips shares jumped 13% today as the Dutch health technology company reported much better than expected first-quarter results. Business • 24 Apr 23
Philips to cut 6,000 jobs to improve profitability Dutch health technology company Philips said today it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked off 70% of its market value. Business • 30 Jan 23
Philips to cut 6,000 jobs to improve profitability Dutch health technology company Philips said today it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked off 70% of its market value. Business • 30 Jan 23
Philips to cut jobs after medical equipment recall Dutch medical equipment maker Philips said today it expected to scrap around 4,000 jobs as it tried to streamline its organisation after a massive recall slashed around 70% off its market value in the past year. Business • 24 Oct 22
Philips to cut jobs after medical equipment recall Dutch medical equipment maker Philips said today it expected to scrap around 4,000 jobs as it tried to streamline its organisation after a massive recall slashed around 70% off its market value in the past year. Business • 24 Oct 22
Philips shares slump on profit warning and writedown Philips shares fell to their lowest in a decade today as the Dutch health tech company said supply chain problems would hit sales, and wrote down €1.3 billion of the value of its sleep apnea business. Business • 12 Oct 22
Philips shares slump on profit warning and writedown Philips shares fell to their lowest in a decade today as the Dutch health tech company said supply chain problems would hit sales, and wrote down €1.3 billion of the value of its sleep apnea business. Business • 12 Oct 22
Philips CEO Van Houten to leave in October Dutch health technology company Philips has unexpectedly announced that CEO Frans van Houten will be replaced on October 15 with Roy Jakobs, head of the company's Connected Care businesses. Business • 16 Aug 22
Philips CEO Van Houten to leave in October Dutch health technology company Philips has unexpectedly announced that CEO Frans van Houten will be replaced on October 15 with Roy Jakobs, head of the company's Connected Care businesses. Business • 16 Aug 22
Philips misses forecasts on supply shortages Dutch medical equipment maker Philips has posted a bigger-than-expected drop in second-quarter core earnings, saying supply shortages and lockdowns in China dented sales. Business • 25 Jul 22
Philips misses forecasts on supply shortages Dutch medical equipment maker Philips has posted a bigger-than-expected drop in second-quarter core earnings, saying supply shortages and lockdowns in China dented sales. Business • 25 Jul 22
Philips Q1 profit plunges amid supply chain problems Dutch health technology company Philips said today its first-quarter core profit dropped about a third from a year earlier to €243m, hit by an ongoing global shortage of parts and a massive recall of ventilators. Business • 25 Apr 22
Philips Q1 profit plunges amid supply chain problems Dutch health technology company Philips said today its first-quarter core profit dropped about a third from a year earlier to €243m, hit by an ongoing global shortage of parts and a massive recall of ventilators. Business • 25 Apr 22
Philips expects summer recovery from supply chain woes Dutch health technology company Philips said today it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortage of parts is likely to persist in the coming months. Business • 24 Jan 22
Philips expects summer recovery from supply chain woes Dutch health technology company Philips said today it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortage of parts is likely to persist in the coming months. Business • 24 Jan 22
Philips shares slide as shortages, recalls hit profits Philips shares plunged more than 15% today after the Dutch health technology company hiked the cost of its massive recall of ventilators and said earnings would take a big hit from global supply chain shortages. Business • 12 Jan 22
Philips shares slide as shortages, recalls hit profits Philips shares plunged more than 15% today after the Dutch health technology company hiked the cost of its massive recall of ventilators and said earnings would take a big hit from global supply chain shortages. Business • 12 Jan 22
Philips lowers outlook as recall, parts shortages bite Dutch health technology company Philips has lowered its outlook today for sales and profit growth in 2021, as a massive recall of respiratory devices and a global shortage of electronic components hit its third-quarter earnings. Business • 18 Oct 21
Philips lowers outlook as recall, parts shortages bite Dutch health technology company Philips has lowered its outlook today for sales and profit growth in 2021, as a massive recall of respiratory devices and a global shortage of electronic components hit its third-quarter earnings. Business • 18 Oct 21
Philips Q2 earnings beat forecast on Covid demand Dutch health technology company Philips has today beaten analysts' expectations with a jump in second-quarter core earnings to €532m, as the Covid-19 pandemic continued to spur demand for hospital equipment. Business • 26 Jul 21
Philips Q2 earnings beat forecast on Covid demand Dutch health technology company Philips has today beaten analysts' expectations with a jump in second-quarter core earnings to €532m, as the Covid-19 pandemic continued to spur demand for hospital equipment. Business • 26 Jul 21
Philips lifts 2021 forecast as Q1 sales soar amid Covid Philips has today posted a hefty jump in quarterly profit and nudged its expectations for 2021 higher as the coronavirus pandemic drives demand for its hospital equipment and personal health appliances. Business • 26 Apr 21
Philips lifts 2021 forecast as Q1 sales soar amid Covid Philips has today posted a hefty jump in quarterly profit and nudged its expectations for 2021 higher as the coronavirus pandemic drives demand for its hospital equipment and personal health appliances. Business • 26 Apr 21
Philips Q4 core profit rises on robust Covid-led demand Dutch health technology company Philips has today reported a 7% increase in fourth-quarter core earnings as the coronavirus pandemic continued to spur demand for hospital equipment to treat Covid-19 patients. Business • 25 Jan 21
Philips Q4 core profit rises on robust Covid-led demand Dutch health technology company Philips has today reported a 7% increase in fourth-quarter core earnings as the coronavirus pandemic continued to spur demand for hospital equipment to treat Covid-19 patients. Business • 25 Jan 21
Philips buys US cardiac care company BioTelemetry Dutch health technology company Philips said today it had agreed to buy US cardiac diagnostics and monitoring firm BioTelemetry in a deal valuing the firm at $2.8 billion. Business • 18 Dec 20
Philips buys US cardiac care company BioTelemetry Dutch health technology company Philips said today it had agreed to buy US cardiac diagnostics and monitoring firm BioTelemetry in a deal valuing the firm at $2.8 billion. Business • 18 Dec 20
Euronext's markets resume trading after glitches The European stock markets run by Euronext resumed normal trading this morning, as Euronext aimed to restore full services after it was plagued by technical glitches the previous day. Business • 20 Oct 20
Euronext's markets resume trading after glitches The European stock markets run by Euronext resumed normal trading this morning, as Euronext aimed to restore full services after it was plagued by technical glitches the previous day. Business • 20 Oct 20
