Q3 2024 Koninklijke Philips NV Earnings Call Transcript

Oct 28, 2024

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Oct 28, 2024 / 09:00AM GMT
Leandro Mazzoni - Koninklijke Philips NV - Head of Investor Relations

Hi, everyone. Welcome to Philips third quarter 2024 results webcast. I'm here with our CEO, Roy Jakobs; and our CFO, Charlotte Hanneman. The press release and investor deck were published on our Investor Relations website this morning. The replay and full transcript of this webcast will be made available on the website after the call 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. I will now hand it over to Roy.

Roy Jakobs - Koninklijke Philips NV - Chairman of the Board of Management, Chief Executive Officer

Thank you, Leandro. Good morning, everyone, and welcome to the call. I want to start with the key highlights of this morning's release. We delivered strong improvement in profitability in the quarter, while sales were flat, and orders slightly decreased as demand from hospitals and consumers in China further deteriorated.

We

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