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

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

Reuters

January 24, 2022 / 11:56 IST

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

first published: Jan 24, 2022 11:52 am

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