Philips 4Q same-stioreComparable Sales Declined 10%
Royal Philips NV said Monday that sales and net profit for the last quarter of the year fell as it continued to experience challenges related to the supply chain and Covid-19.
The Dutch health-technology company said group sales for the fourth quarter of 2021 were 4.9 billion euros compared with EUR6.00 billion a year earlier.Fourth-quarter group adjusted earnings before interest taxes and amortization--one of the company's preferred metrics, which strips out exceptional and other one-off items--were EUR647 million compared with EUR995 million in 2020.
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