• 11/25/2024

Philips Reports Wider Loss After Booking Provision

Wall Street Journal

Royal Philips reported a loss of €655 million for the first quarter after booking a provision related to a class action in the U.S., and added uncertainties remained for 2023.

https://www.wsj.com/articles/royal-philips-1q-net-loss-widened-on-litigation-costs-42e86219