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Business Summary: Koninklijke Philips NV is the Netherlands-based health technology company. The Company's segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease. The Diagnosis & Treatment businesses segment delivers precision medicine and treatment, and therapy. The Connected Care & Health Informatics businesses segment provides consumers, care givers and clinicians with digital solutions that facilitate care by enabling precision medicine and population health management. The HealthTech Other segment comprises such items, as innovation, emerging businesses, royalties, among others. The Legacy Items segment consists mainly of separation costs, legacy legal items, legacy pension costs, among others.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Koninklijke Philips NV (ADR) revenues decreased 1% to EUR4.14B. Net loss applicable to common stockholders excluding extraordinary items increased 51% to EUR1B. Revenues reflect Diagnosis & Treatment segment decrease of 8% to EUR2.03B, North America segment decrease of 2% to EUR1.75B, Comp. Sales (Growth %) - Diagnosis decrease of 80% to 3%.