Sezgi Oezener's questions to Koninklijke Philips NV (PHG) leadership • Q2 2024
Question
Sezgi Oezener of HSBC asked for updates on the DOJ case and other litigation, the future portfolio and scale of Connected Care post-pruning, and any changes in the reimbursement landscape for the DME market.
Answer
CEO Roy Jakobs stated there was no new update on the DOJ case, which is ongoing. He confirmed the Connected Care portfolio will be less broad after pruning but will remain relevant with its core sleep and respiratory products. He noted no specific changes in DME reimbursement dynamics to report. CFO Abhijit Bhattacharya clarified that the Sleep & Respiratory Care business has been resized from EUR 2.3 billion to a EUR 1 billion business, which should be the new baseline for modeling future growth.