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 … Business • 30 Jan
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 … 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 … 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 … 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 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … Business • 20 Oct 20
Philips' Q3 core profit jumps 32% as Covid spurs demand Dutch health technology company Philips has reported a much better-than-expected 32% jump in third-quarter core earnings, as the coronavirus pandemic spurred demand for hospital equipment … Business • 19 Oct 20
Home Smart Home: How to make your house brighter Having once been the preserve of science fiction, smart home technology is now more accessible than ever - and affordable too. Business • 12 Sep 20
US scraps Philips ventilator order in earnings blow Philips said the US Department of Health had cancelled most of an order for 43,000 ventilators, leading the Dutch medical equipment maker to cut its … Business • 04 Sep 20
Philips drops its outlook for 2020 due to Covid-19 Dutch health technology company Philips has today dropped its outlook for the rest of the year, as the global coronavirus outbreak took a large bite … Business • 20 Apr 20
Philips says virus outbreak will impact Q1 results Dutch health technology company Philips today said it expects the effects of the coronavirus outbreak to impact its financial results in the first quarter of … Business • 25 Feb 20
Philips to sell domestic appliances business Dutch health technology company Philips said today it is looking to sell its domestic appliances division, whose coffee machines, air purifiers and airfryers generated €2.3 … Business • 28 Jan 20
Trade tariffs will make Philips miss 2019 margin goal Philips said today that trade tariffs and poor results at its Connected Care arm meant the Dutch healthcare technology firm would miss its 2019 target … Business • 10 Oct 19
Chinese spending helps boost Philips sales growth Rising healthcare spending by the Chinese government helped Dutch health technology company Philips post better-than-expected sales growth for the second quarter, putting its shares among … Business • 22 Jul 19
Philips' Q1 core profit misses estimates on bleak sales Dutch health technology company Philips has reported a 6% rise in first-quarter core earnings, but missed analysts' expectations on bleak sales growth. Business • 29 Apr 19
Philips shifts millions of production due to trade war The trade war between Washington and Beijing is forcing Dutch health technology firm Philips to move "hundreds of millions" of euros worth of production from … Business • 29 Jan 19
Philips Q3 profit rises less than expected Dutch healthcare technology company Philips said its core profit in the third quarter rose 6.8% to €568m, missing analyst estimates despite rising sales and improving … Business • 22 Oct 18
