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Philips
Business
Philips investors target CEO Roy Jakobs in ongoing sleep apnea legal battle
Investors are seeking to hold Philips CEO Roy Jakobs personally liable as part of an ongoing legal battle over the company’s sleep apnea device recall. The move comes as shareholders in both the US and the Netherlands pursue compensation for significant losses following a drop in share value.
Business
Philips returns to profit but signals reorganisations ahead
Philips has posted a 2025 profit of 897 million euros, driven by strong growth in the US and its personal health sector. CEO Roy Jakobs credited AI-led innovation for the turnaround, but the company’s new 1.5 billion euro savings plan indicates that further internal reorganisations are expected through 2028.