Salem Radio Network News Monday, May 16, 2022

Business

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

AMSTERDAM (Reuters) – 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.

(Reporting by Bart Meijer; Editing by Kim Coghill)

Previous
Next

Editorial Cartoons

View More »

Gary Varvel
Wed, May 11, 2022

X CLOSE