Name: PHG CEO Sees Decline in China, Doubles Down on Healthcare Innovation
Uploaded: 2025-02-19T19:55:43.114-06:00
Duration: 7 min 52 s

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Roy Jakobs, CEO of Royal Philips (PHG), discusses the company’s latest quarter and 2024 after the stock took a 12% hit. While they saw “double-digit decline” within China, he stresses that PHG saw growth elsewhere, like in North America. He highlights legal settlements, cash flow, and offering dividends to shareholders. “Philips is an innovation company,” he adds, elaborating on its A.I. and health-tech efforts.

PHG CEO Sees Decline in China, Doubles Down on Healthcare Innovation

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