Philips lowers outlook as recall, parts shortages bite

Philips lowers outlook as recall, parts shortages bite

3 years ago
Anonymous $BH0TGXkyPe

https://www.reuters.com/article/philips-results/philips-lowers-outlook-as-recall-parts-shortages-bite-idUSKBN2H80DY

AMSTERDAM (Reuters) -Dutch health technology company Philips lowered its outlook on Monday for sales and profit growth in 2021, as a massive recall of respiratory devices and a global shortage of electronic components hit its third-quarter earnings.