Philips losses worse than expected in 2024
- Posted on February 19, 2025
- By Business News Today
- 4 Views
Philips losses worse than expected in 2024
Philips on Wednesday posted worse-than-expected losses in 2024, as the Dutch medical device maker bids to turn the page on a damaging recall of faulty sleep machines. For the fourth quarter, Philips posted a net loss of 333 million euros on sales of 5.0 billion euros.
