Straits Times Index
3,239.03 +26.39 (+0.82%) S&P 500
3,970.99 +22.27 (+0.56%) Dow
32,237.53 +132.33 (+0.41%) Nasdaq
11,823.96 +36.56 (+0.31%) Bitcoin USD
27,928.98 +247.94 (+0.90%) CMC Crypto 200
607.29 -11.10 (-1.79%)
Koninklijke Philips N.V. (PHG)
Pre-market:
| Previous close | 16.43 |
| Open | 16.27 |
| Bid | 0.00 x 1800 |
| Ask | 0.00 x 4000 |
| Day's range | 15.63 - 16.41 |
| 52-week range | 11.75 - 31.82 |
| Volume | |
| Avg. volume | 2,140,231 |
| Market cap | 14.644B |
| Beta (5Y monthly) | 0.83 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -2.00 |
| Earnings date | N/A |
| Forward dividend & yield | 0.91 (5.68%) |
| Ex-dividend date | 12 May 2022 |
| 1y target est | 18.50 |
- Motley Fool
Royal Philips Dragged Down by Ever-Expanding Ventilator Recall
Royal Philips (NYSE: PHG) is promising a turnaround from its bottom-line woes, which began with one of the largest medical devices recalls in recent history. Two major factors explain the softness in Royal Philips' 2022 results: the ever-expanding recall of its subsidiary Philips Respironics' ventilators and sleep apnea masks, and continuing supply chain problems in the wake of the COVID-19 pandemic. There may be little the Netherlands-based company can do about component shortages, but the high-profile issues it faces due to defective sound abatement (noise reduction) foam in its breathing devices have no clear end.
- Reuters
Philips management will not receive bonuses for 2022
AMSTERDAM (Reuters) -Dutch health technology company Philips' top management will not take any bonuses for 2022 after a global recall of respiratory devices resulted in a 70% plunge in the company's market value, it said on Tuesday. Given the company's performance and negative experience of shareholders and other stakeholders, the current management board has waived any 2022 annual incentive payouts, the company said in its annual report. "2022 was a very disappointing year for Philips and its stakeholders," it said.
- Business Wire
Philips Named a Top Place to Work on Forbes’ "America’s Best Large Employers" of 2023 list
CAMBRIDGE, Mass., February 20, 2023--Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that the company earned a spot on Forbes’ 2023 "America’s Best Large Employers" list. This is the fifth time that Philips has appeared in the ranking which is limited to 500 organizations across the country and just 15 in the Health Care Equipment & Services category.
