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Koninklijke Philips N.V. (NYSE: PHG) is a global leader in health technology focused on improving lives through meaningful innovation. This news hub provides investors and healthcare professionals with centralized access to official press releases and verified updates about Philips' advancements in diagnostic imaging, connected care systems, and personal health solutions.
Discover timely information on product launches, regulatory milestones, and strategic partnerships that shape Philips' position in the healthcare sector. Our curated collection includes earnings reports, technology innovations, and market expansion announcements – all essential for understanding the company's trajectory in medical equipment and digital health solutions.
Key updates cover developments in AI-driven diagnostic tools, telehealth platforms, and sustainable healthcare initiatives. Bookmark this page to stay informed about Philips' progress in addressing critical challenges across radiology, cardiology, and home-based patient care through its integrated health technology ecosystem.
Philips (NYSE: PHG) shareholders have approved all proposals at their Annual General Meeting (AGM) 2025. Key approvals include the re-appointment of Indra Nooyi and Chua Sock Koong as Supervisory Board members, the appointment of Bob White as a new Supervisory Board member, and the re-appointment of Marnix van Ginneken to the Board of Management. Shareholders also approved a dividend of EUR 0.85 per common share, payable in shares or cash, and adopted the financial statements for 2024.
The meeting also granted authorization for share issuance, share buybacks, and share cancellation. David Pyott concluded his tenure after a decade of service on the Supervisory Board.
Philips (PHG) reported Q1 2025 results with mixed performance. Group sales reached EUR 4.1 billion, showing a 2% decline in comparable sales growth, primarily due to challenges in China. Despite this, comparable order intake increased by 2%, driven by strong performance in North America. The company's income from operations increased to EUR 154 million, while Adjusted EBITA margin declined 80 bps to 8.6%.
Notable developments include a EUR 1,091 million free cash outflow, largely due to a EUR 1,025 million payment for Philips Respironics recall-related settlements. The company updated its full-year 2025 outlook, maintaining sales growth guidance at 1-3% but reducing Adjusted EBITA margin to 10.8-11.3%, factoring in an estimated EUR 250-300 million tariff impact. Free cash flow is expected to be slightly positive for the full year.
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Philips (NYSE: PHG) has provided an update regarding its upcoming Annual General Meeting (AGM) scheduled for March 24, 2025. The key focus is on the appointment of Bob White to the Supervisory Board, effective May 8, 2025.
Following White's nomination as CEO at Olympus , there has been a modification to his planned role at Philips. While he will still join the Quality & Regulatory (Q&R) Committee, he will no longer serve as its chair. Dr Paul Stoffels will instead chair the Q&R Committee, while Herna Verhagen will succeed Stoffels as chair of the Remuneration Committee.
White's dual positions at Philips and Olympus will align with proxy advisor guidelines, consisting of one non-executive and one executive position at publicly listed companies.
Philips (NYSE: PHG) has emerged as the leading applicant in medical technology patents at the European Patent Office (EPO) in 2024, filing 594 Medtech patent applications. The company's innovations reached nearly 2 billion people in 2024, progressing toward its 2030 target of 2.5 billion lives improved.
With approximately EUR 1.7 billion invested in R&D (over 9% of sales), Philips launched several key AI-powered innovations in 2024, including:
- New Azurion image-guided therapy system for neurovascular treatment
- FDA-cleared AI tools for cardiovascular ultrasound systems
- Philips Spectral CT 7500 RT for radiation therapy planning
- FDA-approved LumiGuide Navigation Wire for reduced radiation exposure
The company filed 1,231 total European patent applications across various domains, maintaining its position as the Netherlands' top patent applicant. Philips' intellectual property portfolio includes 50,500 patent rights, 30,500 trademarks, and 150,000 design rights.
Philips (NYSE: PHG) has expanded its partnership with Ibex Medical Analytics and released a new version of Philips IntelliSite Pathology Solution (PIPS) to accelerate AI-enabled digital pathology adoption. The enhanced collaboration aims to address the global pathologist shortage and increasing cancer cases.
The integration of Ibex's AI and Philips' digital pathology solution has demonstrated up to 37% improvement in reporting efficiency. The partnership enables pathology laboratories to utilize PIPS with Ibex's AI-powered tools for prostate, breast, and gastric cancer diagnostics.
The new PIPS 6.0 release includes improved workflows, full scan mode for pathology SG scanner, contextual AI launch, and counter marker tools. The system offers AI-focused worklists showing processing status at case level, and automatic slide sharing with Ibex AI applications. Through collaboration with Amazon Web Services, Philips will provide cloud archival services for efficient data management.
Philips (NYSE: PHG) has announced its upcoming Annual General Meeting of Shareholders (AGM) 2025, scheduled for May 8, 2025, at Hotel Okura Amsterdam. The agenda includes key proposals such as:
- Appointment of Bob White as new Supervisory Board member
- Re-appointment of Indra Nooyi and Chua Sock Koong as Supervisory Board members
- Re-appointment of Marnix van Ginneken to the Board of Management
The meeting will also address recurring items including the 2024 Remuneration Report (advisory vote), and proposals to adopt the company's financial statements and dividend. The AGM will commence at 14:00 CET.
Philips (NYSE: PHG) has been recognized as the highest-ranked medical technology company in Clarivate's Top 100 Global Innovators 2025, marking its 12th consecutive year on this prestigious list. The company invested approximately EUR 1.7 billion (over 9% of sales) in R&D during 2024, with a strong focus on AI and data innovation.
The company's commitment to healthcare innovation is demonstrated through several key AI-powered solutions:
- Philips CT 5300: Combines hardware, software, and AI for improved imaging accessibility
- SmartSpeed Precise MRI: Enables up to 3x faster scan times while maintaining image quality
- AI-enabled cardiovascular ultrasound platform: Features advanced automation tools
- New Azurion system: Enhanced image-guided therapy for neurovascular treatment
With approximately 67,800 employees and EUR 18 billion in 2024 sales, Philips continues to leverage advanced technology and clinical insights to deliver innovative healthcare solutions across more than 100 countries.
Philips (NYSE: PHG) and Ingeborg Initiatives have partnered to provide Arkansas expectant parents with access to the Philips Avent Pregnancy+ app, featuring customized state-specific content and resources. The initiative aims to address Arkansas's critical maternal health challenges, as the state ranks 50th in both maternal and infant mortality rates.
The Pregnancy+ app, which has over 80 million lifetime downloads, offers comprehensive pregnancy guidance including 800+ articles, 3D baby models, weekly pregnancy tracking, and expert-led courses. Arkansas residents will receive premium access to state-specific information about social services, infant health, mental health resources, and early childhood programs.
A recent survey indicates that Pregnancy+ app users demonstrate higher maternal health literacy and increased engagement in prenatal care compared to non-users. The collaboration represents a multi-stakeholder approach to improving maternal health outcomes in Arkansas through accessible digital resources.
Philips has selected AWS as its preferred cloud provider to enhance its healthcare informatics solutions globally. Over the past 12 months, Philips has supported 34 million patient exams in the cloud and manages 134 petabytes of data, including 11 billion medical images, with plans to scale to one exabyte by 2030.
Key achievements include deploying solutions across 200+ healthcare sites globally, reducing infrastructure costs by 36%, and connecting 1.3 million IoT devices to the cloud. Philips launched the Tasy EMR AI Virtual Assistant powered by Amazon Bedrock for automated patient data capture and is exploring generative AI capabilities to address healthcare staff shortages.
The partnership aims to accelerate healthcare digital transformation through AI-enabled workflows in radiology, digital pathology, cardiology, and advanced visualization solutions.
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