Seki Osmar's questions to Koninklijke Philips NV (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.