Philips

PHILIPS CEO Roy Jakobs said he still expects subdued demand in China this year due to healthcare anti-corruption efforts by the Chinese government that has hurt revenue there for Western companies.

It was hit by an anti-corruption campaign across China’s health-care sector

Philips reported second-quarter results that beat analysts’ expectations on Monday (Jul 29), boosted by higher earnings and the implementation of its restructuring programme.

This comes after Exor, its largest shareholder, increased shareholding in the company to 17.5% from 16.1%

The Agnellis’ Exor now owns 17.51 per cent of Philips

DUTCH health technology company Philips on Monday (Oct 23) raised its full-year outlook as it beat analysts’ expectations for third-quarter core profit and comparable sales.

DUTCH semiconductor equipment maker ASML will hire 100 researchers who are leaving Philips, the companies said on Tuesday (Jul 18).

Dutch medical devices maker Philips said on Tuesday (May 16) that independent tests had shown 95 per cent of its respiratory devices involved in a major global recall had shown limited health risks.

PHILIPS shares jumped 13 per cent on Monday (Apr 24) as the Dutch health technology company reported much better than expected first-quarter results and said it had set aside 575 million euros (S$844 ...