News Formal

Philips 3Q Sales Missed Market Views, FY Comparable Sales Expected to Grow Slightly -- Update

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Philips now expects to report low-single-digit comparable sales growth

Koninklijke Philips NV reported on Monday a significant rise in net profit for the third quarter but suffered a decline in sales for the period, which also missed market views.

The company, which now expects to report low-single-digit comparable sales growth with a modest adjusted Ebita margin improvement for the full year, said these supply-chain challenges are expected to continue in the fourth quarter. The company's net profit result was mainly driven by the sale of its Domestic Appliances business, it said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US proposes F-16 sales to Turkey in return for its F-35 investment: ErdoganWashington has proposed the sale of F-16 fighter jets to Ankara in return for its investment in the F-35 programme, Turkey's President Erdogan says
Source: trtworld - 🏆 101. / 63 Read more »