Philips reports 3% rise in quarterly sales Published 04 Nov, 2025 11:35am Dutch medical technology company Philips reported third-quarter revenue in line with analysts’ expectations un...
Philips cuts 6,000 more jobs after sleep device recall Published 30 Jan, 2023 01:15pm THE HAGUE: Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide after...
FDA says faulty Philips device reports accelerating as CEO departs Published 17 Aug, 2022 10:41pm AMSTERDAM: The U.S. Food and Drug Administration (FDA) said reports of faulty Philips ventilators and sleep apnea...
Ventilator recall and profit warning double whammy slam Philips Published 17 Jan, 2022 07:06am AMSTERDAM: Shares in Philips plunged 15% on Wednesday, their worst intra-day drop in over 20 years, after the Dutch...
Philips faces fresh hit from toxic foam recall Published 12 Jan, 2022 05:04pm THE HAGUE: Dutch electronics giant Philips said Wednesday it has set aside a further 225 million euros for a recall...
Philips takes fresh hit from safety recall Published 25 Oct, 2021 05:35am THE HAGUE: Dutch electronics firm Philips said on Monday that sales had taken a fresh hit from a recall of faulty...
Philips takes fresh hit from safety recall Published 18 Oct, 2021 03:00pm THE HAGUE: Dutch electronics firm Philips said on Monday that sales had taken a fresh hit from a recall of faulty...
Philips shares hit 10-month low on respiratory device concerns Updated 26 Jul, 2021 06:48pm Quarterly core profit 532 million euros vs f'cast 519 million Announces 1.5 billion euro share buyback Shares down more than 6%, hit lowest in 10 months
Avenues of cooperation discussed to develop healthcare system of country Published 20 May, 2021 06:02pm He stated that our focus is on cost efficient product development especially in the field of healthcare.
Philips sees hit from product safety fault Updated 27 Apr, 2021 10:08am THE HAGUE: Dutch firm Philips said Monday it anticipates a hit of up to 250 million euros ($302 million) from a...
Philips sees hit from product safety fault Published 26 Apr, 2021 11:27am The firm said it was talking to regulators about the problem, which mainly affects first generation DreamStation products, and "initiating appropriate actions to mitigate these possible risks."
Philips selling home appliance arm to Asian investment firm Published 29 Mar, 2021 06:05am THE HAGUE: Dutch firm Philips announced the sale of its home appliances business to Asian investment firm Hillhouse...
Philips selling home appliance arm to Asian investment firm Published 25 Mar, 2021 04:27pm Philips said in January 2020 that it would sell off its home appliance arm over the following year and a half.
Philips sees 'uncertainty' due to Covid in 2021 Published 25 Jan, 2021 05:44pm Philips said net income in the fourth quarter of 2020 rose 9.17 percent year-on-year to 607 million euros.