Philips lowers sales outlook on drop in China orders
Tuesday, 29 October 2024 () The Hague (AFP) Oct 28, 2024
Dutch medical device maker Philips lowered Monday its full year sales target, blaming a drop in demand from Chinese hospitals as it released third quarter results. Markets reacted negatively to the announcement with Philips's share price dropping by more than 16 percent in morning trading on the Amsterdam stock exchange's blue-chip AEX index to around 24.50 euros. A "significant deterior
Tuesday, 29 October 2024 ()
The Hague (AFP) Oct 28, 2024