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Koninklijke Philips N.V. (PHG) Q1 2023 Earnings Call

2023-04-25 02:25

Koninklijke Philips N.V. (NYSE:PHG) Q1 2023 Results Conference Call April 24, 2023 4:00 AM ET

Company Participants

Leandro Mazzoni - Head, Investor Relations

Roy Jakobs - Chief Executive Officer

Abhijit Bhattacharya - Chief Financial Officer

Conference Call Participants

Hasan Al-Wakeel - Barclays

Veronika Dubajova - Citi

David Adlington - JPMorgan

Delphine Le Louet - Societe Generale

Robert Davies - Morgan Stanley

Graham Doyle - UBS

Falko Friedrichs - Deutsche Bank

Sezgi Bice Oezener - HSBC

Wim Gille - ABN AMRO ODDO

Julien Ouaddour - Bank of America

Leandro Mazzoni

Hi, everyone. Welcome to Philips' First Quarter 2023 Results Webcast. I have here with me our CEO, Roy Jakobs, and our CFO, Abhijit Bhattacharya. The first quarter press release and slide deck as well as the frequently asked questions and deck on the Respironics recall were published on our Investor Relations website this morning. The replay and full transcript of the webcast will be made available on the website as well.

Before we start, I want to draw your attention to our safe harbor statement on screen. You will also find the statement in the presentation published on our Investor Relations website. In today's call, we will discuss our first quarter results as well as the progress on the actions we're taking across different areas to drive performance improvement.

With that, I would like to hand over to Roy.

Roy Jakobs

Thanks, Leandro. Good morning, everyone, and welcome. It's good to be with you again. I want to start with giving you the key highlights for this quarter. First, we delivered a solid start to the year with 6% comparable sales growth and improvements in profitability and operating cash flow in Q1 as our actions to strengthen execution and to deliver shareholder value started to take effect.

Secondly, we are making good

飞利浦
飞利浦电子公司(PHG.US)2023年第一季度业绩电话会
Time
2023-04-25 02:25
Properties
业绩会路演
Format
Online