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Philips Doubles Down On ESG And AI While Servicing Respironics Recall Priority

Company Agrees Terms Of US Consent Decree And CEO Remains Bullish On Outlook

Executive Summary

Royal Philips CEO Roy Jakobs used the company’s 2023 results conference to update the market on the agile operating plan 2023-2025 and US actions to address the Respironics recall. Investors’ lively interest in the recall meant that strategic themes concerning environmental sustainability and future health care dividends from artificial intelligence platforms were all but sidelined.

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