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Koninklijke Philips N.V. (RYLPF)

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57.94-0.06 (-0.10%)
At close: 10:53AM EDT
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Previous Close58.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range57.94 - 57.94
52 Week Range40.83 - 61.06
Avg. Volume6,603
Market Cap51.118B
Beta (5Y Monthly)0.68
PE Ratio (TTM)37.09
EPS (TTM)1.56
Earnings DateN/A
Forward Dividend & Yield1.02 (1.75%)
Ex-Dividend DateMay 10, 2021
1y Target EstN/A
  • Philips’ Future Health Index 2021 report reveals transformative post-pandemic agenda of healthcare leaders worldwide

    Philips’ Future Health Index 2021 report reveals transformative post-pandemic agenda of healthcare leaders worldwide

    Future Health Index 2021 report Future Health Index Report 2021: sustainability data point Future Health Index Report 2021: AI data point Future Health Index Report 2021: telehealth data point Future Health Index Report 2021 infographic May 5, 2021 Largest global survey of its kind features critical insights from nearly 3,000 healthcare leaders across 14 countries on meeting the demands of today and their vision for healthcare three years from now Findings indicate nearly two in three healthcare leaders are prioritizing investments in telehealth today as they continue to grapple with the pandemic, with priorities shifting to artificial intelligence in three yearsNearly 60% of leaders worldwide cite the importance of environmental sustainability in healthcare over the next three years Amsterdam, The Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the publication of its Future Health Index (FHI) 2021 report: ‘A Resilient Future: Healthcare leaders look beyond the crisis’. Now in its sixth year, the Future Health Index 2021 report is based on proprietary research across 14 countries, representing the largest global survey of its kind to analyze the current and future priorities of healthcare leaders worldwide. Feedback from healthcare leaders – including executive officers, financial officers, technology and information officers, operations officers and more – explores the challenges they have faced since the onset of the pandemic, and where their current and future priorities lie, revealing a new vision for the future of healthcare. With a focus on patient-centered healthcare enabled by smart technology, their vision is shaped by a fresh emphasis on partnerships, sustainability and new models of care delivery, both inside and outside the hospital. “The Future Health Index 2021 report reflects pockets of positivity amid the COVID-19 crisis. Healthcare leaders have seen first-hand how digital health technology can ensure the continued delivery of care in incredibly difficult circumstances,” said Jan Kimpen, Chief Medical Officer, Philips. “Many are now reassessing their technology capabilities as they consider what’s next. While we can’t be sure what the next few years hold, what shines forth from this report is that healthcare leaders are committed to building healthcare systems that are sustainable, adaptable and – above all – resilient.” Telehealth prioritized during COVID-19; AI investment to rise after pandemicWhile still grappling with the pandemic, 64% of healthcare leaders around the world continue to prioritize telehealth when it comes to digital health technology investments. This number is particularly high in the U.S. (89%). However, in the next three years, only 40% expect to invest heavily in telehealth and AI emerges as a key area for investment (36% today, 74% in three years). Healthcare leaders in emerging economies like Saudi Arabia (98%), India (94%) and Russia (85%) plan to prioritize investments in AI the most in 2024, even more than those in the U.S. (80%). Roughly one third (36%) of European healthcare leaders and one quarter (27%) of those in APAC agree that, to be prepared for the future, their hospital or healthcare facility most needs to invest in implementing predictive technologies like AI and machine learning. Notably, in technologically advanced Singapore, the numbers are higher, with nearly two thirds (62%) of healthcare leaders prioritizing an investment in AI post-pandemic. And while lower, Europe and APAC are still above the averages for the Americas (12%) and the Middle East & Africa (6%) when it comes to prioritizing AI in 2024. Environmentally sustainable healthcare rises from bottom to top priorityImplementing environmental sustainability practices rises from the bottom of leaders’ priority list (4%) to the top (58%) in three years’ time, with those in France (86%) and the Netherlands (81%) leading the way. The trend is more pronounced among leaders who work in technologically advanced (smart) hospitals or practices (71%) and those in developed markets (65%). Other key trends in healthcare leaders’ current and post-COVID outlook coming out of the Future Health Index 2021 report include: After a year of crisis, healthcare leaders remain optimistic about the future. The vast majority (86%) think their hospital showed resilience during the pandemic and feel confident in the future (75%).While leaders rank preparing to respond to crises as their top priority today – with 69% choosing this option – the figure falls to just 3% in three years’ time, indicating healthcare leaders expect to shift their focus away from crisis preparedness.Current plans for value-based care have been hit by COVID-19 in many countries, with 33% of healthcare leaders in Brazil and 25% in the U.S. saying they have deprioritized this area because of the pandemic. However, overall the picture remains positive: 50% of all leaders are either practicing value-based care currently, or plan to in the future. Since 2016, Philips has conducted original research to help determine the readiness of countries to address global health challenges and build efficient and effective health systems. For details on the Future Health methodology and to access the Future Health Index 2021 report in its entirety, visit: For further information, please contact: Kathy O’ReillyPhilips Global Press OfficeTel.: +1 978-221-8919E-mail: kathy.oreilly@philips.comTwitter: @kathyoreilly About Royal Philips Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2020 sales of EUR 17.3 billion and employs approximately 77,000 employees with sales and services in more than 100 countries. News about Philips can be found at Attachments Future Health Index 2021 report Future Health Index Report 2021: sustainability data point Future Health Index Report 2021: AI data point Future Health Index Report 2021: telehealth data point Future Health Index Report 2021 infographic

  • Philips Foundation publishes its 2020 Annual Report highlighting the deployment of health technology expertise for underserved communities

    Philips Foundation publishes its 2020 Annual Report highlighting the deployment of health technology expertise for underserved communities

    philips-foundation-published- its-2020-annual-report rapid-deployment-intensive-care-unit-in-bergamo-italy fostering-local-healthcare-innovation-in-kenya transforming-primary-healthcare-ecosystems-from-the-inside-out May 4, 2021 75 successful projects rolled out, including over 40 activities dedicated to combatting COVID-19 in 2020Over 7.5 million people in underserved communities provided with access to healthcare in 2020A global community of social entrepreneurs nurtured through development and scaling of sustainable models that provide affordable access to quality healthcare Amsterdam, the Netherlands – Philips Foundation, with its mission to provide access to quality healthcare for underserved communities through meaningful innovation, today announced publication of its 2020 Annual Report. The report outlines the success of more than 75 projects in 2020 that resulted in 7.5 million people in disadvantaged communities around the world having access to affordable quality healthcare services. This includes projects in China, Africa, Europe, and the Middle East. “2020 was an incredibly challenging year, with the COVID-19 pandemic bringing the importance of global access to quality healthcare into sharp perspective,” says Margot Cooijmans, Director of the Philips Foundation. The urgency of our support responses worldwide took a dazzling flight. I am incredibly grateful to all the partners who joined forces with us in 2020 to deliver timely relief as well as lasting change, and to the employees of Philips and the Philips Foundation, for their constant support and energy in putting our mission into action - organizing access to healthcare for underserved communities.” COVID-19 response When the COVID-19 pandemic struck at the beginning of 2020, Philips Foundation stepped up its efforts to protect those communities most at risk. Notable examples highlighted in the organization’s Annual Report include: Healthcare equipment for Thunder God Mountain Hospital (China) – with the support of Philips China, the Philips Foundation donated urgently needed healthcare equipment with a value of approximately EUR 2 million to the newly-built Thunder God Mountain Hospital in Wuhan city to support the prevention and treatment of pneumonia associated with COVID-19.AI software to detect and monitor COVID-19 patients (South Africa) – with the help of implementation funding from the Netherlands Enterprise Agency (RVO) and Dutch entrepreneurial development bank FMO, the Philips Foundation helped to deploy artificial intelligence (AI) software that deepens the analysis of chest X-rays to help the rapid triage and monitoring of COVID-19 patients in 11 South African hospitals.Machine learning and AI to identify epidemic outbreaks (Africa) - a donation by Philips Foundation to establish a Virus Outbreak Data Network in Africa aimed at improving the findability, accessibility, interoperability and reuse of digital assets, including data from Africa’s health systems to identify and contain COVID-19 outbreaks.Rapid deployment intensive care units (Italy and Lebanon) - development and procurement support to create 20-bed mobile ICUs that can be rapidly deployed to locations where COVID-19 threatens to overwhelm local healthcare infrastructures. With financial help from the AFAS Foundation and Noaber Foundation, two of these units were deployed to the Lombardy region and the island of Sardinia in Italy, and in collaboration with Philips Lebanon, the Lebanese Army, and the EU Civil Protection and Humanitarian Aid (ECHO) organization, another was deployed in Lebanon’s capital, Beirut. A full list of Philips Foundation’s COVID-19 response efforts is available on its website. In addition to its COVID-19 response efforts, Philips Foundation succeeded in initiating new projects and keeping other ones going. Two examples that stand out are Philips Foundation’s joint initiative with UNICEF to fund and support the ‘Maker Innovation’ project in Kenya, and its collaboration with UK charity Global Action Plan to launch the ‘The Clean Air for Schools Framework’. Maker Innovation project in Kenya - a ‘change the system from within’ initiative aimed at achieving better mother-, newborn-, and child-health in low-resource environments, by fostering local hands-on innovation and entrepreneurship to locally create and manufacture solutions that meet local needs. The project’s ‘Maker Space’ is equipped with digital fabrication tools and equipment for use by students at the University of Nairobi. Through support from the Philips Foundation and training from Philips, the project has already resulted in the development of 19 medical device prototypes, seven of which have been judged suitable for further development.Clean Air for Schools Framework - a framework providing schools, teachers, parents and local authorities in the UK and the Republic of Ireland with an externally validated action blueprint for tackling air pollution in and around schools. With evidence suggesting that halving outdoor air pollution could result in a 20% to 50% reduction in the number of children with poor lung function [1], the tool was so well received that the blueprint is now being rolled out across Spain. New direction In 2020, Philips Foundation made a strategic decision to focus on partnerships with social entrepreneurs to develop healthcare technologies and sustainable models that provide underserved communities with affordable access to healthcare - models that leverage the business and innovation expertise and resources of Philips to facilitate solution development and scale-up. Philips Foundation helped 50 Healthy Entrepreneurs franchisees in Uganda, small businesses in local communities that sell over-the-counter medicines and health products, to expand their services with diagnostic tools and telehealth services. This resulted in increased public awareness of disease, better insight into patients’ conditions, reduced patient expenses, and increased revenue. In addition, Philips Foundation provided a loan to CheckUps Medical, a provider of affordable primary healthcare services in Kenya and South Sudan, to help more low-wage families access medicines and care, launch a mobile clinic, and further develop CheckUps’ teleconsultation and home care services that started during the local lockdown. Philips Foundation also enabled the setting up of the Solvoz rapid humanitarian aid procurement platform, as well as the Mondmaskerfabriek, which at the beginning of the COVID-19 crisis was the Netherlands’ first surgical face mask manufacturer. As the Philips foundation moves forward, it will continue to foster innovation and create scalable models that make healthcare provision more equal and open to millions of people in underserved parts of the world. To read the full Annual Report, click here. [1] Whitehouse A, Effects of air pollution exposure on child health and do interventions work?, Centre for Genomics and Child Health, Blizard Institute, Queen Mary University of London (UK) For further information, please contact: Yannick EshuijsPhilips FoundationTel.: +31 6 1852 6633E-mail: About the Philips FoundationPhilips Foundation is a registered charity that was established in 2014 – founded on the belief that innovation and collaboration can help solve some of the world’s toughest healthcare challenges for the underserved and make essential impact. Reflecting our commitment to United Nations SDGs 3 (Ensure healthy lives and promote well-being for all at all ages) and 17 (Revitalize the global partnership for sustainable development), the mission of the Foundation is to reduce healthcare inequality by providing access to quality healthcare for disadvantaged communities. Philips Foundation fulfills its mission by deploying Philips’ expertise, innovative products and solutions, by collaborating with key partners around the world (including respected NGOs such as UNICEF, Amref and Save the Children), and by providing financial support for the collaborative activities. More information on can be found at Attachments philips-foundation-published- its-2020-annual-report rapid-deployment-intensive-care-unit-in-bergamo-italy fostering-local-healthcare-innovation-in-kenya transforming-primary-healthcare-ecosystems-from-the-inside-out

  • Koninklijke Philips N.V (PHG) Q1 2021 Earnings Call Transcript
    Motley Fool

    Koninklijke Philips N.V (PHG) Q1 2021 Earnings Call Transcript

    PHG earnings call for the period ending March 31, 2021.