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Amid China Weakness Philips Stresses Value Creation And Innovation Upside

Top-Three Imaging Concern Looks To Put Respironics Issues In The Past

 
• By Ashley Yeo

Philips, the last of the global top-three imaging companies to report 2024 financial results, said the soft China market put the brakes on its growth. The regional outlook for early 2025 is no different, and US-China tariffs will present another challenge.

Greenshoots
Green shoots in China but no trigger for a trend yet • Source: Shutterstock

Once Royal Philips has battled through the practicalities of its Respironics remediation issues and factored in the uncertainties in the China market, there are positive business trends to look forward to.

That was the tenor of comments delivered to the market on 19 February by CEO Roy Jakobs, as Philips reported full-year 2024 revenues down 1% on a reported basis, at...

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