Hints and tips:
...Italy’s billionaire Agnelli family has acquired a 15 per cent stake in Dutch conglomerate Philips in a roughly €2.6bn transaction, backing the group’s effort to shift away from consumer electronics to healthcare...
...The 132-year-old group had been counting on a shift from electronics towards health technology to boost business and win over shareholders....
...But it has two uniquely Dutch ingredients: the polder model of government, which brings politicians, companies and unions together to find joint solutions; and Philips, the electronics conglomerate that...
...Founded in 1891, Philips had bet that a steer away from consumer electronics and towards health technology would revitalise its business and win over shareholders....
...Dutch company Philips had a lightbulb moment years ago when it decided to move away from consumer electronics towards pricier medical devices. Until recently the move worked a treat....
...After Shell he joined Elsevier, the publisher of The Lancet and Gray’s Anatomy along with electronic tools for scientists....
...The company has spent the past decade transforming itself from a consumer electronics conglomerate to a medical technology business....
...The faulty component has plunged the 130-year-old electronics conglomerate, which has pivoted over the past decade towards focusing on medical technologies, into crisis after it issued a voluntary recall...
...The forecasts by the Philips chief came as it completed the final step in the break-up of its electronics portfolio and transformation from diversified industrial company to healthcare technology group by...
...One of Frans van Houten’s earliest memories of Philips is an electronic calculator shown to him as a child in the 1960s by his father, who worked in the Dutch company’s research laboratories....
...That was its worst outage since it shifted to a fully electronic system in 1999....
...But his steer away from consumer electronics and towards healthcare equipment still looks justified. It sells roughly a tenth of the world’s ventilators, which it cannot make fast enough....
...Shares in Philips fell 2.2 per cent....
...Philips, the Dutch electronics conglomerate turned healthcare technology specialist, warned that the US-China trade war and poor performance in its connected care division meant it would miss this year’s...
...Valued at more than €100bn, it dwarfs Dutch parents Philips and ASMI which set it up in 1984....
...Automotive, building and construction, and the electronics markets experienced continued softness, while the market conditions in other business segments stayed robust....
...The health and electronics conglomerate on Tuesday posted a 5 per cent rise in like-for-like sales for last year....
...Once Europe’s largest consumer electronics business, over the past decade Philips has shrunk itself into a more focused company, spanning personal care appliances, hospital scanners and patient monitoring...
...There was a time when a person might count on a Philips product at almost any waking hour of the day....
...The Paris-headquartered group said the deal would help pay for the €137m acquisition of its rival, since renamed Euronext Dublin, and refinance last year’s $153m deal for Fastmatch, an electronic spot foreign...
...Philips’ fourth-quarter sales jumped 5 per cent, driven by the group’s personal electronics business and medical diagnostics unit....
...Three questions Frans van Houten, chief executive of Philips, the health technology group. How have you transformed Philips? We were a lighting company and in electronics....
...Additional reporting by Philip Stafford in London...
...Beyond the Square Mile Dutch health and electronics conglomerate Philips posted a 4 per cent rise in like for like sales in 2017 after a strong fourth quarter, but expects a slow down in growth this year...
...The Paris exchange will take control of the fast-growing electronic network from a group of shareholders, which includes FXCM....
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