Future Tech

Philips expects sales to recover from supply chain woes after the summer

Tan KW
Publish date: Mon, 24 Jan 2022, 03:58 PM
Tan KW
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Future Tech

AMSTERDAM - Dutch health technology company Philips said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortages of parts is likely to persist in the coming months.

Philips earlier this month warned supply chain woes would hit profits and a ventilator recall needed to be expanded.

 


  - Reuters

 

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