Amsterdam, Feb 19, 2025 (AFP) - Philips losses worse than expected in 2024

NAMPA / AFP

2025-02-19

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. The firm reported a net loss of 698 million euros for the full year 2024, compared to the 463-million-euro loss it posted in 2023. Chief executive Roy Jakobs noted "double-digit declines in demand in both consumer and health systems in China" as well as "a persistently challenging m......

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