Overview Key strengths Key risks Well-diversified offering with leadership positions in key categories, such as image-guided therapy, patient monitoring, and digitalized health care solutions and services. Highly competitive market, where scale and leading positions are key to driving productivity and margin growth. Highly innovative portfolio--with strong capabilities in digital, artificial intelligence (AI), and informatics--supporting strong brand recognition market position. Pending litigation-related expenses are likely to negatively affect financial performance beyond 2023. Solid operational performance throughout 2023 as the company strengthened its supply-chain reliability as part of its execution plan, increased its operating efficiency; it also implemented a cost-efficiency plan. Macroeconomic uncertainty amid inflationary and currency volatility could challenge growth and margins in the next 12 months. Philips' third-quarter reporting showed
