International Companies

China weakness weighs on full-year growth for Philips

By Josh White

Date: Wednesday 19 Feb 2025

(Sharecast News) - Shares in Dutch healthcare technology company Philips were sliding on Wednesday, after it reported modest growth and improved profitability in 2024 amid a sharp decline in Chinese demand, which weighed on its fourth-quarter results.
The firm posted full-year sales of €18bn, reflecting a 1% increase in comparable sales,...

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