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Philips CEO Roy Jakobs says he now expects the biggest Asian market to be around 10 per cent of the company’s revenue.
Consumer & Healthcare

Philips CEO sees subdued China sales this year

FILE PHOTO: Dutch technology company Philips' logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File Photo
Companies & Markets

Philips cuts annual sales outlook on weak demand from China

FILE PHOTO: Philips Healthcare headquarters in Best, Netherlands, August 30, 2018. REUTERS/Piroschka van de Wouw/File Photo
International

Philips posts Q2 beat boosted by its restructuring plan

FILE PHOTO: Dutch technology company Philips' logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File Photo
Consumer & Healthcare

Philips’ second-biggest investor raises stake after apnoea deal

Philips is joining a growing number of manufacturers that are cutting costs to deal with supply-chain turmoil and inflation.
Companies & Markets

Billionaire Agnellis boost stake in Philips to US$4.19 billion

New orders were down 9 per cent from last year, as demand from China continued to cool from a pre-pandemic boom and supply chain problems persisted.
Telcos, Media & Tech

Philips raises full-year outlook as Q3 profit jumps

ASML is due to report second-quarter earnings on Wednesday.
Companies & Markets

ASML to hire 100 researchers leaving Philips

FILE PHOTO: Dutch technology company Philips. logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File Photo
Companies & Markets

Philips says tests on 95% of recalled devices show limited risks

“We are happy we can solve this case,” CEO Roy Jakobs said about the provision for the settlement Philips expects to reach in the current quarter.
Companies & Markets

Philips shares jump on recall provision and profit improvement

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MDDI (P) 046/10/2024. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.

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