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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Koninklijke Philips NV | EU:PHIA | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.48 | 2.49% | 19.745 | 19.40 | 19.79 | 19.835 | 19.225 | 19.405 | 2,855,045 | 16:40:00 |
From Apr 2022 to Apr 2024
By Dean Seal
Royal Philips NV's American depositary receipts fell more than 9.4% to a 52-week low of $20.05 Monday after the company reported a swing to a net loss in the second quarter.
The Dutch health-technology company said that pandemic-related lockdowns in China, inflationary pressures and the Russia-Ukraine war contributed to the swing to a loss of 22 million euros ($22.5 million) for the quarter, compared with a net profit of EUR150 million a year earlier.
Quarterly sales fell to EUR4.18 billion from EUR4.23 billion.
The company cut its full-year comparable sales growth guidance to 1% to 3% from a previous forecast of 3% to 5%, but said it still expects to deliver growth and profitability improvement from the second half of 2022 onward.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
July 25, 2022 13:04 ET (17:04 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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