|Bid||43.53 x 800|
|Ask||43.57 x 900|
|Day's Range||43.31 - 43.64|
|52 Week Range||32.98 - 48.84|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||27.55|
|Forward Dividend & Yield||0.96 (2.22%)|
|1y Target Est||51.40|
Royal Philips (NYSE:PHG, AEX:PHIA), a global leader in health technology, and German Klinikum Stuttgart hospital, the largest provider in the region, today announced they have signed a comprehensive 10-year innovation partnership agreement. The long-term strategic partnership agreement covers the demand-oriented replacement and procurement of state-of-the-art medical technology, including diagnostic imaging and intelligent informatics solutions, at Klinikum Stuttgart hospitals, together with joint development of new workflows and connected care solutions.
October 17, 2019 Proprietary predictive algorithm enhances Centralized Virtual Clinical Operations to provide decision support and intervention for ICU patients Amsterdam,.
For the first time ever, U.S. Veterans will be able to receive U.S. Department of Veteran’s Affairs (VA) health services at their local Veterans of Foreign Wars (VFW) or American Legion (Legion) Posts through a multi-site pilot program dubbed ATLAS (Accessing Telehealth through Local Area Stations).
Philips (PHG) and Spencer's joint digital solution, which improves medication adherence in patients in the United States, is set to hit select European markets.
STAMFORD, Conn., Oct. 15, 2019 /PRNewswire/ -- Now you can enjoy a variety of delicious fresh café-quality coffee beverages at home and easier than ever with Philips. Introducing the Philips Espresso series, an innovative range of automatic espresso machines that provide a truly effortless coffee drinking experience – from setup to clean-up. Innovative LatteGo technology offers the easiest to clean milk system yet, offering favorite coffee beverages with fresh ingredients at the touch of a button, whether enjoying a morning coffee before work or sharing a cappuccino with a guest.
Philips, which makes magnets for MRI machines, plans to build a 36,200-square-foot, one-story addition to its existing manufacturing plant. More than 90 jobs are expected to be created by the expansion.
October 15, 2019 Stellarex’s unique coating enables a low therapeutic drug dose and has demonstrated a significant treatment effect and high safety profile.
October 14, 2019 Chronically ill patients in selected EU countries to benefit from in-home medication adherence and telehealth platform Amsterdam, the.
Philips, the Dutch electronics conglomerate turned healthcare technology specialist, warned that the US-China trade war and poor performance in its connected care division meant it would miss this year’s profit goals. The company’s shares slid almost 10 per cent on Thursday after it forecast a rise in its full-year adjusted profit margin of 10-20 basis points — short of the longstanding 100bp target that it has hit in each of the past three years.
European stocks struggled for direction on Thursday ahead of high level talks between U.S. and Chinese negotiators as the impact of the trade war hit one major exporter.
Shares of Philips Electronics tumbled 8% in early Amsterdam as the company issued a warning over its connected care business, which had a 4.5-point decline in its adjusted margin during the third quarter. Philips blamed "increasing headwinds from tariffs and a delay in the impact of the mitigating actions, factory under-coverage as production levels were lowered to reduce inventory, and an adverse product mix impact." For the year, the company expects margin improvement of 10 to 20 basis points, after three consecutive years of at least 100 basis points rises.
(Bloomberg) -- Royal Philips NV dropped the most in over eight years after the Dutch provider of hospital equipment warned it will miss profit goals amid costs and supply-chain disruption from trade tariffs.Shares of the Amsterdam-based company fell as much as 9.9% on Thursday. Margin improvement for 2019 will be a maximum 20 basis points, snapping three straight years of 100 basis-point improvements, the company said in a statement.The issues threaten a push by Chief Executive Officer Frans van Houten to improve productivity, after he streamlined Philips to focus on health products. Van Houten pledged to step up efforts to improve the performance of the Connected Care business, which supplies wireless gear and monitors. The division’s broad product range meant taking a deep dive into numerous supply chains to make sure Philips paid the right duties, he added.The Dutch maker of goods ranging from medical scanners to electric toothbrushes is shifting production to China and strengthening local supply chains as an antidote to the trade war with the U.S. Third-quarter profit missed estimates as Philips lowered production to reduce unsold inventory. It will also include a 78 million-euro ($86 million) goodwill impairment in Connected Care. Van Houten said it will take time for mitigating actions to start countering the increased headwinds.Philips Rejigs Plants in China to Counter Fallout From Trade WarBehind Schedule“Overall, we are behind on our original plan” for 15% profitability next year, said Van Houten.Earnings before interest, taxes and amortization are expected to be about 583 million euros, with profitability of about 12.4% of sales, down from 13.2% a year earlier, Philips said. Analysts had estimated 628 million euros in profit, according to company-compiled estimates.ING analyst Marc Hesselink predicted a low-to-mid-single digit decline in profit for the full year.Shares of Philips, which was scheduled to report earnings on Oct. 28, closed down 8.8% in the Dutch capital. They’ve still advanced 23% this year, for a market value of about 35 billion euros.(Corrects cause for impairment charge, removes CEO comment on 2020 margin goal which wasn’t mentioned. Updates share prices.)To contact the reporter on this story: Ellen Proper in Amsterdam at email@example.comTo contact the editors responsible for this story: Anthony Palazzo at firstname.lastname@example.org, Andrew Noël, Wout VergauwenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Philips warned it will miss its 2019 profit margin target on Thursday due to trade tariffs and poor results at its Connected Care arm, wiping around 3 billion euros ($3.3 billion)off the Dutch healthcare technology group's market value. The trade war between the United States and China has forced Philips to shift production and to seek other suppliers for components in recent months to avoid punitive tariffs. Philips shares were down 8% at 0820 GMT after the warning.
Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today provided an update on the third quarter 2019 financial results for the Group, which will be reported on October 28, 2019. Group sales for the quarter are expected to amount to approximately EUR 4.7 billion, reflecting a strong 6% comparable sales growth with all businesses contributing. Group Adjusted EBITA for the quarter is expected to be around EUR 583 million, or 12.4% of sales, compared to 13.2% in Q3 2018.
Royal Philips makes sleep masks for patients with breathing difficulties. It should also make devices for investors having nightmares about global trade wars. Shares in the Dutch medical equipment manufacturer tumbled as much as a tenth on Thursday after it warned of larger-than-expected fallout from the US-Chinese tariff conflict.
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Today we'll look at Koninklijke Philips N.V. (AMS:PHIA) and reflect on its potential as an investment. In particular...
October 3, 2019 Livestream of real-time patient data in the air enhances remote medical advice for receiving hospitals to better prepare for patient arrival on the.
October 1, 2019 Primary safety analysis of Stellarex drug-coated balloon (DCB) three-year data, comprising the largest published, pooled set of randomized controlled.
September 27, 2019 Broad portfolio of integrated sleep and respiratory solutions connect data, technology and people across the care continuum Amsterdam, the.
Royal Philips (PHG), a global leader in health technology, today announced the launch of its expanded SmartSleep suite of solutions in the United States. First introduced at the Consumer Electronics Show in January 2019, Philips SmartSleep solutions aim to improve the lives of millions of consumers by providing a breadth of solutions to address sleep issues ranging from difficulty falling asleep to snoring, to simply not getting enough quality sleep. Recognized as a population health issue by clinical communities worldwide, sleep deprivation affects the health and livelihood of millions of people.
September 23, 2019 New report shows how to address the challenges of implementing digital health technology – a catalyst for achieving Universal Health Coverage (UHC)Philips.
Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and PURE (Point-of-care Ultrasound in Resource-limited Environments), a non-profit organization dedicated to enhancing ultrasound education and use in the developing world, today highlighted a unique tele-ultrasound mentorship program to provide much needed diagnostic ultrasound training to health workers in Rwanda. Expert training and mentorship in point-of-care ultrasound imaging supports Rwanda’s front-line primary and emergency care system and improves access to care for its citizens.