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    Seki Osmar

    Vice President and Equity Research Analyst at HSBC

    Seki Osmar is a Vice President and Equity Research Analyst at HSBC, specializing in coverage of the Latin America consumer sector with a primary focus on companies such as Grupo Bimbo, FEMSA, and Walmart de México y Centroamérica. Throughout his career, Osmar has been recognized for his thorough analysis and industry calls, consistently delivering actionable insights and maintaining a track record of strong performance, with his recommendations ranked above peer averages on leading analyst benchmarking platforms. He began his professional journey in equity analysis in the mid-2010s, initially working with local investment firms in Brazil before joining HSBC in 2018. Osmar holds professional credentials including securities licenses from the Brazilian Association of Financial and Capital Market Professionals (ANBIMA) and is registered with local regulatory and industry organizations.

    Seki Osmar's questions to KONINKLIJKE PHILIPS (PHG) leadership

    Seki Osmar's questions to KONINKLIJKE PHILIPS (PHG) leadership • Q1 2025

    Question

    Seki Osmar asked about the 70/30 business mix excluding Personal Health, the potential gross impact of tariffs if they were reversed, and the drivers for restructuring costs in Connected Care. She also inquired if these costs would decline in the second half of the year.

    Answer

    CEO Roy Jakobs stated that excluding Personal Health, the business mix is roughly 60/40. He acknowledged a reversal of U.S.-China tariffs would be beneficial but the company must act on current realities. CFO Charlotte Hanneman explained that the majority of restructuring costs in Connected Care are related to executing the consent decree. Jakobs added that while consent decree costs are ongoing, the company has a 'razor focus' on reducing other incidental and restructuring costs over time.

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