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Philips slashes guidance as China lockdowns hit Q2 sales

Published by Josh White on 25th July 2022

(Sharecast News) - Dutch technology conglomerate Philips reported a 7% fall in comparable group sales in its second quarter on Monday, to €4.2bn (£3.57bn), mainly caused by continued supply shortages and prolonged lockdowns in China, as it also cut its guidance for the year.

URL: http://www.digitallook.com/dl/news/story/32842871/...

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