Koninklijke Philips N.V. (PHG) CEO Frans van Houten on Q1 2022 Results - Earnings Call Transcript

Koninklijke Philips N.V. (NYSE:PHG) Q1 2022 Earnings Conference Call April 25, 2022 4:00 AM ET

CompanyParticipants

Leandro Mazzoni - Head of Investor Relations
Frans van Houten - Chairman & Chief Executive Officer
Abhijit Bhattacharya - Executive Vice President & Chief Financial Officer

Conference Call Participants

Hassan Al-Wakeel - Barclays
Veronika Dubajova - Goldman Sachs
David Adlington - JPMorgan
Julien Dormois - BNP Paribas
Graham Doyle - UBS
Delphine Le Louet - Societe General
James Vane-Tempest - Jefferies
Kate Kalashnikova - Citi
Sezgi Oezener - HSBC
Falko Friedrichs - Deutsche Bank
Max Yates - Crédit Suisse

Operator

Welcome to the Royal Philips First Quarter 2022 Results Conference Call on Monday, April 25, 2022. During the call, hosted by Mr. Frans van Houten, CEO; and Mr. Abhijit Bhattacharya, CFO; all participants will be in a listen-only mode. After the introduction, there would be an opportunity to ask questions. [Operator Instructions] Please note that this call will be recorded and replay will be available on the Investor Relations website of Royal Philips.

I will now hand the conference over to Mr. Leandro Mazzoni, Head of Investor Relations. Please go ahead, sir.

Leandro Mazzoni

Hi, everyone. Welcome to the Philips first quarter 2022 results call. Our CEO, Frans van Houten; and our CFO, Abhijit Bhattacharya, will take you through our strategic and financial highlights for the period. And after that, we will take your questions.

Our press release, slide deck as well as frequently asked questions on the Respironics recall were published at 7 a.m. CET this morning on our Investor Relations website. The full transcript of this call will also be made available today on the website. As mentioned in the press release, adjusted EBITA is defined as income from operations, excluding amortization of acquired intangible assets, impairment of goodwill and other intangible assets, restructuring charges, acquisition-related costs and significant one-off items. Comparable