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Philips(PHG) - 2022 Q2 - Earnings Call Transcript
2022-07-25 17:19
Koninklijke Philips N.V. (NYSE:PHG) Q2 2022 Earnings Conference Call July 25, 2022 4:00 AM ET Company Participants Leandro Mazzoni - Head, IR Frans van Houten - CEO Abhijit Bhattacharya - CFO Roy Jakobs - Chief Business Leader, Connected Care Francis Kim - Chief Quality and Regulatory Officer Conference Call Participants Hassan Al-Wakeel - Barclays David Adlington - JPMorgan Cazenove Julien Dormois - Exane BNP Paribas Graham Doyle - UBS James Vane-Tempest - Jefferies Falko Friedrichs - Deutsche Bank Ed Ridl ...
Philips(PHG) - 2022 Q2 - Earnings Call Presentation
2022-07-25 14:48
Q2 2022 Financial Performance - Philips' sales were 42 billion EUR, a 7% comparable decline, but a 3% decline excluding China, compared to Q2 2021[16] - China lockdowns significantly impacted Philips, with sales and order intake down by approximately 30% in China[16] - The adjusted EBITA margin was 52% of sales, compared to 126% in Q2 2021, primarily due to lower volumes and inflation[16] - Operating cash outflow was 306 million EUR, mainly due to temporarily higher inventories[16] Order Intake and Backlog - Order intake grew by 1%, and excluding China, order intake grew by 6%[16] - The company achieved solid order growth and an all-time high order book[21] Respironics Recall and Market Outlook - Philips Respironics expects to remediate around 55 million devices[47] - The company aims to have around 90% of the recall program units produced and shipped by the end of 2022[50] - Respironics sleep systems sales are projected to be approximately 02 billion EUR in 2022 and rebound to approximately 06 billion EUR by 2025, compared to 07 billion EUR in 2019[59] - Total Respironics sales are expected to be approximately 14 billion EUR in 2022 and reach approximately 21 billion EUR by 2025, compared to 21 billion EUR in 2019[59] Productivity and Cost Savings Initiatives - Philips is stepping up productivity initiatives to 05 billion EUR per year, aiming to deliver 20 billion EUR in the 2022-2025 period[88] - The company's Sustaining Engineering in India delivered 40 million EUR in savings in 2021 and is projected to deliver 60 million EUR in 2022[92] 2022 Outlook - Philips expects comparable sales growth of 6-9% in H2 2022[32] - The company anticipates an adjusted EBITA margin of approximately 10% for the full year 2022[32]
Philips(PHG) - 2022 Q1 - Earnings Call Presentation
2022-04-26 10:46
PHILIPS Royal Philips First Quarter 2022 results April 25, 2022 innovation #you Important information Forward-looking statements and other important information This document and the related oral presentation, including responses to questions following the presentation, contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of forward-looking sta ...
Philips(PHG) - 2022 Q1 - Earnings Call Transcript
2022-04-25 16:54
Koninklijke Philips N.V. (NYSE:PHG) Q1 2022 Earnings Conference Call April 25, 2022 4:00 AM ET CompanyParticipants Leandro Mazzoni - Head of Investor Relations Frans van Houten - Chairman & Chief Executive Officer Abhijit Bhattacharya - Executive Vice President & Chief Financial Officer Conference Call Participants Hassan Al-Wakeel - Barclays Veronika Dubajova - Goldman Sachs David Adlington - JPMorgan Julien Dormois - BNP Paribas Graham Doyle - UBS Delphine Le Louet - Societe General James Vane-Tempest - J ...
Philips(PHG) - 2021 Q4 - Annual Report
2022-02-21 16:00
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 February 22, 2022 KONINKLIJKE PHILIPS N.V. Name and address of person authorized to receive notices and communications from the Securities and Exchange Commission: M.J. van Ginneken Koninklijke Philips N.V. Breitner Center, Amstelplein 2, 1096 BC Amsterdam, The Netherlands (Address of principal executive offices) Indicate by check mark whether t ...
Philips(PHG) - 2021 Q4 - Annual Report
2022-02-21 16:00
As filed with the Securities and Exchange Commission on February 22, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark one) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY R ...
Philips(PHG) - 2021 Q4 - Earnings Call Transcript
2022-01-24 14:37
Koninklijke Philips N.V. (NYSE:PHG) Q4 2021 Earnings Conference Call January 24, 2022 4:00 AM ET Company Participants Leandro Mazzoni - IR Frans van Houten - CEO Abhijit Bhattacharya - CFO Conference Call Participants Veronika Dubajova - Goldman Sachs Hassan Al-Wakeel - Barclays Kate Kalashnikova - Citigroup David Adlington - JPMorgan Lisa Clive - Bernstein Ed Ridley-Day - Redburn Julien Dormois - BNP Paribas Delphine Le Louet - Societe Generale Sezgi Oezener - HSBC James Vane-Tempest - Jefferies Wim Gille ...
Philips(PHG) - 2021 Q4 - Earnings Call Presentation
2022-01-24 08:31
PHILIPS Royal Philips Fourth Quarter and Full Year 2021 results January 24, 2022 innovation #you Important information Forward-looking statements and other important information This document and the related oral presentation, including responses to questions following the presentation, contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of fo ...
Philips(PHG) - 2021 Q3 - Earnings Call Transcript
2021-10-18 16:36
Koninklijke Philips N.V. (NYSE:PHG) Q3 2021 Earnings Conference Call October 18, 2021 4:00 AM ET Company Participants Leandro Mazzoni - IR Frans van Houten - CEO Abhijit Bhattacharya - CFO Conference Call Participants Veronika Dubajova - Goldman Sachs Hassan Al-Wakeel - Barclays Lisa Clive - Bernstein Scott Bardo - Berenberg Julien Dormois - Exane BNP Paribas Patrick Wood - Bank of America Falko Friedrichs - Deutsche Bank James Vane-Tempest - Jefferies Wim Gille - ABN AMRO-ODDO Kate Kalashnikova - Citigroup ...
Philips(PHG) - 2021 Q3 - Earnings Call Presentation
2021-10-18 14:15
PHILIPS Royal Philips Third quarter 2021 results October 18, 2021 innovation #you Important information Forward-looking statements and other important information This document and the related oral presentation, including responses to questions following the presentation, contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of forward-looking s ...