Koninklijke Philips NV - Company Profile
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Koninklijke Philips NV (Philips) is a health technology company. Increase in profitability, geographical presence, and focus on R&D are the company's major strengths, whereas product recalls remain the causes for concern. Global patient monitoring equipment market, strategic contracts and agreements, and launch of new products are likely to offer growth opportunities to the company. However, rapid technological change, intense competition, and foreign exchange risks may affect the company's business operations.
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