Koninklijke Philips N.V. NY Registry Shares (PHG) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

laying a platform play there that actually really resonates well with our customers. And as part of that, actually, we have strong partnerships. Massimo is part of that. We don't think that actually there will be any change. That's also not what kind of has been signaled because we have the biggest access to customers globally in terms of monitoring base. So there's a real intrinsic interest to actually connect with us to the customer. And there's also mutually an interest from us to actually being providing in a vendor neutral way, consumable solutions that are out there in the market. And that has been benefiting the partnership with Massimo in past years. And we believe that will be also going forward. So we see it as at least net neutral. And I think we are excited to work also with any new owner there to kind of grow the franchise and make it work for our customers and to differentiate also first competition, because this is one of the strongholds, the combination that we have very strong cybersecurity platform with the broadest data reach with the medical device integration and the consumables actually makes it very appealing in a very complex environment for our customers to do business with us. And that has been driving all these long-term partnerships and also the shared gains in monitoring along the way. Yeah. Thank you, Roy. Let me take your second question, Veronica, on inflation. And if I think about where we are in the year, let's first start with Q1. We had a very solid Q1 with margin expansion ahead of our expectations. So that gives us confidence that, again, we are able to not only compensate some of the headwinds we're seeing, but even expanding our margins despite that. Then of course we're seeing cost inflation, we're seeing it in freight and we ...