Royal Philips (PHG) on Supply Chain Shift, AI Offerings
Schwab Network · Schwab Network
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Show Notes
Roy Jakobs, CEO of Royal Philips (PHG), breaks down their latest earnings report and their tariff strategy. In 2025, they expect revenue growth of 1%-3%. He says PHG has to make cost decisions but has “growing confidence” for the full year – he adds that they are moving supply chains into the U.S., among other strategies. He says procedures and wait lists are rising, reflecting fundamental demand, and PHG’s innovative products can help “dial up efficiency,” and dives into their new AI offerings.
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