The company said that although it expects a better second half, it sees supply-chain disruptions continuing and a worsening of the macro environment.
Royal Philips NV said Wednesday that its performance in the third quarter was hurt by stronger-than-anticipated supply-chain challenges, and that as a result it expects a fall of around 5% in like-for-like sales.
The Dutch health-technology company PHIA, +0.06% PHG, -0.80% said that it expects to record a 1.3 billion euro impairment charge in the period. The company said that this is an impairment of goodwill of Philips Respironics, its sleep and respiratory care business, and that it is due to revisions to the business’s financial forecast.
Royal Philips said group sales for the quarter are expected to be around EUR4.3 billion. It said that as a result of lower sales it expects adjusted earnings before interest, taxes and amortization–a metric that strips out exceptional and other one-off items–to be around EUR210 million. “Philips now expects a mid-single-digit comparable sales decline for the fourth quarter of 2022,” the company said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Barges idling along Mississippi River sign of supply chain woes to come should drought worsen: ExpertsThe image of barges idling along the Mississippi River could be indicative of future economic woes should the drought conditions in the Midwest continue to worsen, according to experts.
Leer más »
PG&E Supply Chain Challenges Could Mean Longer Outages: ReportPG&E is facing a critical shortage of spare parts and equipment due to COVID-19 supply chain problems, which could lead to prolonged power outages and lapsed wildfire safety targets.
Leer más »
Barges idling along Mississippi River sign of supply chain woes to come should drought worsen: ExpertsNEW YORK — The image of barges idling along the Mississippi River could be indicative of future economic woes should the drought conditions in the Midwest continue to worsen, according to experts.
Leer más »
A Man Who Loved Rattlesnakes.susanorlean remembers Eugene DeLeon, whose passion for rattlesnakes was a guiding force in his life.
Leer más »
TikTok tries to compete with Amazon in e-commerce with fulfillment centersTikTok is taking steps to compete with Amazon by expanding its e-commerce efforts and creating a supply chain to sell products.
Leer más »
Millions spent to influence Colorado voters to change liquor laws. Here’s what’s at stakeAfter a brief reprieve, Colorado’s booze battles have reignited this election season, fueled by millions of dollars from the likes of DoorDash, Instacart and the conglomerates behind King Soopers a…
Leer más »