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STX:PHIA, Oct 23, 08:13 UTC

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Electronics giant Philips posts mixed results in Q3

PHIA

Dutch electronics giant Philips, which is focusing its business on medical equipment and services, on Monday posted higher third quarter sales but profits dipped due to currency headwinds. Sales rose 4.0 percent to 4.3 billion euros ($4.9 billion) year-on-year and orders for the Amsterdam-based group's medical diagnostic and treatment machines grew 11 percent. "While I am pleased with the continued strong 11 percent order intake growth in the quarter, operational improvements were partly offset by foreign exchange headwinds," Philips chief executive Frans van Houten said. The group, which sold its first light bulb a few years after it was founded in 1891, moved to list its Philips Lighting division, now known as Signify, in mid-2016 which joined the Amsterdam stock exchange, the top-tier AEX, in March this year.

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Philips shares drop as earnings fall short after currency headwinds

PHIA

Philips shares drop as earnings fall short after currency headwinds. AMSTERDAM (Reuters) - Dutch healthcare technology company Philips <PHG.AS> missed estimates for core profit in the third quarter on Monday, sending its shares to their lowest in more than six months. The company, which makes products ranging from electric toothbrushes to medical imaging systems selling for millions of euros, cited "currency headwinds" for the shortfall, though some analysts said underlying growth was subpar. Analysts at Berenberg said the sales increase was "not quite the bounce-back in growth that the market was looking for," adding in a note: "Overall, this was a softer than expected quarter and management commentary surrounding ... 'headwinds' could spook the market."

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Philips Profit Misses Estimates on Slow Personal-Health Growth

PHIA

(Bloomberg) -- Dutch health-technology company Royal Philips NV reported third-quarter profit that missed analyst estimates, while growth at the personal-health division also disappointed. The growth rate of Philips’s personal-health unit, which contributes the most to its profit, was 4 percent, in line with Chief Executive Officer Frans van Houten’s prediction of an improvement in the personal-health business over the second half of 2018. However, it also fell short of an analyst’s estimate of a 5.3 percent growth. “I am encouraged by the step-up in sales growth of the personal-health businesses compared with the first half of 2018, but the recovery was slower than expected as good growth in our growth geographies was partially offset by lower growth in our mature geographies,” the CEO said “Despite emerging-market currency headwinds, margins should be supported by restructuring, improved sales for higher-priced imaging equipment, and a weaker euro versus the dollar in the second half of the year,” analysts of Bloomberg Intelligence said ahead of the earnings release.Amsterdam-based Philips said an adverse impact of emerging-market currencies on sales was 60 basis points. The Dutch health-care technology company said in a statement Monday that its third-quarter adjusted earnings before interest, taxes and amortization increased to 568 million euros from 532 million euros a year earlier.

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Wednesday, October 17


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Hospital Lighting Market In-depth Study 2018 To 2025 : Acuity Brands, Cree, Eaton, GE Lighting, Hubbell Lighting, Philips, Zumtobel Group, Waldmann – Engineer of Light, KLS Martin Group And Others - Press Release

PHIA AYI

Hospital Lighting Market In-depth Study 2018 To 2025 : Acuity Brands, Cree, Eaton, GE Lighting, Hubbell Lighting, Philips, Zumtobel Group, Waldmann – Engineer of Light, KLS Martin Group And Others. "Global Hospital Lighting Market" Global Hospital Lighting Market is expected to reach USD 7.86 billion by 2025, from USD 5.26 billion in 2017 growing at a CAGR of 6.2% during the forecast period of 2018 to 2025. The Hospital Lighting market report provides an in-depth overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin. The global Hospital Lighting market report also contains the drivers and restrains for the Hospital Lighting market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market are by systemic company profiles.

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Tuesday, October 16


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Philips Future Health Index Shows U.S. is a Leader in Data Collection, but Falls Short on Satisfaction, Trust and Access

PHIA

Philips Future Health Index Shows U.S. is a Leader in Data Collection, but Falls Short on Satisfaction, Trust and Access. Opportunity to Solidify Patient Trust in the Healthcare System May Lie in Digitally-Driven Journey to Value-Based Healthcare and Artificial Intelligence. The U.S. performed well in data collection as compared with other countries examined in the report (42.96 vs 16-country average of 28.57). But with the lack of a universal health record, steps to proper care are hindered. “At Philips we are working on telehealth and artificial intelligence solutions that can help break down the barriers between hospital and home, giving patients an alternative way to connect with healthcare professionals, both improving access to care and their satisfaction,” said Vitor Rocha, CEO, Philips North America.

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Monday, October 15


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Wearable Devices & mHealth 2018: How Consumer Devices are Impacting Healthcare - Featuring Apple, Fitbit, Garmin, Nokia, Philips, and more - ResearchAndMarkets.com

GRMN PHIA +1 more GRMN PHIA NOKIA

DUBLIN--(BUSINESS WIRE)--The "Wearable Devices and mHealth: How Consumer Devices are Impacting Healthcare" report has been added to ResearchAndMarkets.com's offering. In this report, the focus is on the wearable devices which combine computing power and wireless communication to provide data relating to healthcare. Miniaturization of complex technologies has allowed their use in wearable devices. Processing, imaging and sensor technology have improved at a vast rate in recent years to accommodate the rise in smartphones, becoming sufficiently advanced, miniaturized and inexpensive that it can be worn discreetly on the body.

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The Global Kitchen Appliance Market to 2023 - Featuring Electrolux, Whirlpool, Samsung, Philips, Morphy Richard, Dacor, GE, LG, Haier, and Panasonic - ResearchAndMarkets.com

WHR PHIA

The global kitchen appliances market is forcasted to expand at a CAGR of 6.5% from 2018 to 2023, leading to a global revenue of USD 232.74 Bn by 2023. Depending on product types, the global kitchen appliance market can be further segmented into refrigerators, dishwasher, cooking appliances, and others kitchen appliances. The main operation of these appliances are carried out by cooking gas and electricity, but other fuel types include solar energy, renewable energy, fuelwood, and biogas. The increasing number of hotels, restaurants, and other food chains is expected to drive the commercial kitchen appliance market size in the coming years.

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Friday, September 21


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Philips Evolves as a Healthcare Company, Tariffs a Concern

PHIA

On Sep 21, we issued an updated research report on Koninklijke Philips N.V. PHG.The company reports operations primarily under three segments - Personal Health businesses (accounted for 41.1% of total sales in 2017), Diagnosis & Treatment businesses (38.8%), and Connected Care & Health Informatics businesses (17.8%). The company also identifies HealthTech Other and Legacy Items.Philips is gradually evolving as a healthcare company, having augmented its presence in the domain, primarily driven by an expanding portfolio.Notably, the stock has gained 22% on a year-to-date basis, outperforming the industry’s rally of 11.1%. The company is presently focusing on key opportunities in population health management, while improving its enterprise-wide solutions for health systems, and collaborating with healthcare organizations to enhance its stronghold in the healthcare industry. These acquisitions have strengthened the company’s dominant position in the resuscitation and emergency care market, which is currently worth almost €1.4 billion.However, Philips’ near-term profitability is likely to be hurt by rising prices due to tariff imposition and sluggish growth in maturing personal care market.

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Thursday, September 20


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Future Health Index, Commissioned by Philips, Identifies Key Recommendations for Better Health Information Exchange to Drive Value in Healthcare

PHIA

Digital identity tools, such as Electronic Health Records (EHRs), based on standardized data and protocols that can be accessed, used and updated by care providers across the health continuum, can make the collection and exchange of healthcare data much easier. Harmonize data collection and use practices - countries with universal EHRs have a higher Value Measure than countries without universal EHRs (47.29 on average vs 39.67), as well as higher average levels of trust (67.79 vs. 62.99). It is through data that the outcomes that define value are tracked, measured and improved. Yet, health systems around the world are still struggling to collect, organize, analyze and use health data in a meaningful way. Using the real-life learning of experts in the field, and insights uncovered in research, the FHI provides actionable recommendations for the healthcare industry; particularly around the adoption and implementation of crucial digital tools that can deliver more affordable, integrated and sustainable care.

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Monday, September 17


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Automate outdoor lighting with three Philips LED Dusk To Dawn Bulbs for $18

PHIA

Automate outdoor lighting with three Philips LED Dusk To Dawn Bulbs for $18This 3-pack is at its lowest price ever. Amazon has the three-pack of Philips LED Dusk-to-Dawn A19 Frosted Light Bulbs on sale for just $17.51 today. This deal marks the lowest price ever for this set of bulbs which regularly sells for $27. The Philips Dusk To Dawn bulb automatically turns itself on at night and off during the day.

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