Edward Ridley-Day's questions to Koninklijke Philips NV (PHG) leadership • Q2 2024
Question
Edward Ridley-Day of Redburn requested more color on the growth of the Ultrasound business excluding China and asked about the revenue growth trajectory for the Image-Guided Therapy (IGT) business.
Answer
CFO Abhijit Bhattacharya explained that Ultrasound growth ex-China would also show a decline due to the massive supplies and over 30% growth seen in H1 2023 as the company cleared supply chain backlogs. For IGT, he noted a slow recovery and a good quarter, but does not expect the business to be in double-digit growth territory for the full year, with its performance included in the overall D&T guidance.