Philips Slid Over 4% in Morning Trading as Its Q4 Sales Fell Nearly 20%

Tiger Newspress2022-01-24

Philips slid over 4% in morning trading as its Q4 sales fell nearly 20%.

It said group sales for the fourth quarter of 2021 were 4.9 billion euros ($5.56 billion) compared with EUR6.00 billion a year earlier.

Net profit was EUR157 million compared with EUR603 million for the same period the year before.

Full-year 2021 sales were EUR17.2 billion and 2021 adjusted Ebita was EUR2.05 billion.

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pokokoko
2022-01-25
pokokoko
Ponk
- J999:
  ping
- Pepeflabs:
  noted

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