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CEO: Triple Headwind Cannot Blow Philips Off Strategic Course

Customers are looking beyond sleep recall issue

 
• By Ashley Yeo

Frans van Houten has promised a summer update on Royal Philips’ medium-term outlook after the company was hit from all sides in late 2021. He expects the resulting headwinds to persist into early 2022.

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Royal Philips’ Frans van Houten had to display his pragmatic best when the company announced 2021 sales and earnings that were nothing like those anticipated a year ago.

Even deep into the second quarter, after what had been a COVID-busting first half that increased revenues by 10%, there...

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How Notified Bodies Would Like Future EU Medtech Governance To Pan Out

 
• By Amanda Maxwell

Notified bodies are calling for their key role, as the technical, regulatory and clinical ‘extended arm’ of regulatory authorities, to remain central to the EU medtech conformity assessment process.

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• By Shubham Singh

Thermo Fisher said the year-over-year impact of tariffs and related effects represented a 5% headwind to adjusted operating income and reduced reported margins by 140 basis points in the second quarter.

Device User Fees Up About 7% For FY2026

 
• By Elizabeth Orr

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