Netherlands: Philips confirms full year sales growth of 4-6%

Frans van Houten, chief executive, Philips

Dutch health tech company Philips has reported underwhelming first quarter figures, although chief executive Frans van Houten confirmed that it remained on target for 6% sales growth for the year. Net income increase to €162m (US$180.1m) on revenues that rose 2.3% to €4.2bn In mature geographies, sales decreased by 1% on a comparable basis, reflecting flat…

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