International Companies

Philips lowers sales outlook amid China weakness

By Josh White

Date: Monday 28 Oct 2024

(Sharecast News) - Philips reported flat comparable sales of €4.4bn for its third quarter on Monday, as the Dutch medical devices maker faced a significant decline in demand from China.
The company said the decline, attributed to weakening consumer confidence and an ongoing anti-corruption campaign in the country, offset growth in...

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