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Philips Registers 10% Comparable Sales Decline In Q4

Philips Registers 10% Comparable Sales Decline In Q4

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Koninklijke Philips NV (NYSE: PHG) reported a fourth-quarter FY21 sales decline of 5.6% year-on-year to €4.9 billion. The company attributed the comparable sales decline of 10% to headwinds caused by global supply chain challenges, postponement of equipment installations in hospitals, and consequences of the Respironics field action.

...read full article on Benzinga

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