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Philips Q4 sales of €4.9B expected lower than prior estimate amid supply chain woes

Exterior view of the French headquarters of Philips in Suresnes, France

HJBC/iStock Editorial via Getty Images

  • Royal Philips (NYSE:PHG) provides an update on Q4 and FY 2021 financial results.
  • Group sales for the quarter are expected to be ~€4.9B, around €350M lower than earlier expectations. The decrease is mainly due to intensified global supply

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