The Hague, Oct 28, 2024 (AFP) - Philips lowers sales outlook on drop in China orders

NAMPA / AFP

2024-10-28

Dutch medical device maker Philips lowered Monday its full year sales target, blaming a drop in demand from Chinese hospitals as it released third quarter results. Markets reacted negatively to the announcement with Philips's share price dropping by more than 16 percent in morning trading on the Amsterdam stock exchange's blue-chip AEX index to around 24.50 euros. A "significant deterioration" in Chinese demand forced Philips to adjust its expect......

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Latest NAMPA photos

Swapo held a mini rally in Lüderitz

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SWAKOPMUND, 26 October 2024 - United Democratic Front (UDF) President Hendrik Gaobaeb addressing the party’s Erongo Regional Star Rally held at Swakopmund’s DRC’s sports field on Saturday. He is accompanied by some of the party’s regional and local leadership. (Photo by: Isabel Bento) NAMPA

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SWAKOPMUND, 26 October 2024 - Some of the UDF supporters and sympathisers attending the party’s star rally at Swakopmund on Saturday which was addressed by the party President Hendrik Gaobaeb. (Photo by: Isabel Bento) NAMPA

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SWAKOPMUND, 26 October 2024 - United Democratic Front (UDF) President Hendrik Gaobaeb speaking at the part’s star rally at Swakopmund on Saturday. Beside him is Swakopmund Deputy Mayor David Am-!Gabeb. (Photo by: Isabel Bento) NAMPA

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OTJIWARONGO, 26 October 2024 - The Swapo Party Secretary-General, Sophia Shaningwa speaks at a political campaign rally at Otjiwarongo in the Otjozondjupa Region on Saturday afternoon. (Photo by: Mulisa Simiyasa) NAMPA

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OTJIWARONGO, 26 October 2024 - The Swapo Party Secretary-General, Sophia Shaningwa (L) together with the party's presidential candidate, Netumbo Nandi-Ndwaitwah at a political campaign rally at Otjiwarongo in the Otjozondjupa Region on Saturday afternoon. (Photo by: Mulisa Simiyasa) NAMPA

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OTJIWARONGO, 26 October 2024 - The Swapo Party Secretary-General, Sophia Shaningwa welcomes about 50 new members to the party at a political campaign rally at Otjiwarongo in the Otjozondjupa Region on Saturday afternoon. (Photo by: Mulisa Simiyasa) NAMPA

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OTJIWARONGO, 26 October 2024 - The Swapo Party Secretary-General, Sophia Shaningwa (L) together with the party's Presidential candidate Netumbo Nandi-Ndaitwah (second left) at a political campaign rally at Otjiwarongo in the Otjozondjupa Region on Saturday afternoon. (Photo by: Mulisa Simiyasa) NAMPA

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