New year, the new Philips. This sentence seems to be the goal of the Dutch medical giant in 2019, because Philips will launch a series of changes to seek the alignment of the business front with customer needs.
These changes have been in effect since January 1, 2019, covering the Diagnosis and Treatment, Connected Care and Health Informatics, and Personal Health businesses.
A notable change is that Philips' healthcare information business has moved from the Connected Care segment to the Diagnostics and Treatment.
Linked care revolves around patient care solutions, advanced analytics, and patient and workflow optimization for the provider-payer-patient business model, while diagnostic and therapeutic services focus on techniques for accurate diagnosis and disease path selection, and Business related to image-guided minimally invasive treatment.
Philips has recognized the importance of image-guided technology and has invested in this area, and has now appointed Bert van Meurs, the leader of the EUR 2+ Image-Guided Therapy Business, as a member of the Executive Board. .
Frans van Houten, global CEO of Philips, said in a statement: "Bert van Meurs is a new member of the Executive Board, reflecting Philips' development in the image-guided treatment business. To strengthen Philips' leadership in this fast-growing market, we have Increased research and development investment, released a very successful Azurion next-generation image-guided treatment platform. At the same time, the acquisition of Volcano, Spectranetics and EPD Solutions has enabled Philips to further expand its field of smart devices."
In addition, Philips has moved the Sleep and Respiratory Care Business from the personal health segment to Connected Care, which includes personal care, household appliances, oral health care, and maternal and child care. Nursing business.
Along with these changes, Philips' free cash flow is expected to exceed $1.5 billion by 2020, with the overall goal of achieving a 4% to 6% comparable sales growth during the 2017-2020 period. EBITA's profit margin increases by an average of 100 basis points per year. It is expected that by 2020, the organic return on investment capital will increase to a medium-high level.
Philips will announce its fourth quarter and full year earnings for 2018 on January 29, 2019.
This article is compiled and compiled by “Devices and Devicesâ€.
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