Philips sees more supply chain woes

Stefan Mileschin · 25th January 2022, 07:13

Second half of the year until recovery

Dutch health technology company Philips expects sales to recover strongly in the second half of the year, while a steep decline due to the global shortage of parts is likely to persist in the coming months.

Philips earlier this month warned that supply chain woes would hit profit and a ventilator recall needed to be expanded, sending its shares down over 15 per cent on their worst day on the financial markets in decades. read more

Chief Executive Officer Frans van Houten said that the outfit expected a rubbish start to the year with a comparable sales decline, followed by a recovery and strong second half of the year.

This should lead to between 3 - 5 per cent growth in comparable sales in 2022, he added.

Overall growth will be held back by the sleep & respiratory care unit, which is still working on the massive recall of breathing-aid machines launched last year, amid concerns that a type of foam used in the devices could degrade and become toxic. read more

https://fudzilla.com/news/54249-phil...ply-chain-woes

25th January 2022, 07:13	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,802	Philips sees more supply chain woes Second half of the year until recovery Dutch health technology company Philips expects sales to recover strongly in the second half of the year, while a steep decline due to the global shortage of parts is likely to persist in the coming months. Philips earlier this month warned that supply chain woes would hit profit and a ventilator recall needed to be expanded, sending its shares down over 15 per cent on their worst day on the financial markets in decades. read more Chief Executive Officer Frans van Houten said that the outfit expected a rubbish start to the year with a comparable sales decline, followed by a recovery and strong second half of the year. This should lead to between 3 - 5 per cent growth in comparable sales in 2022, he added. Overall growth will be held back by the sleep & respiratory care unit, which is still working on the massive recall of breathing-aid machines launched last year, amid concerns that a type of foam used in the devices could degrade and become toxic. read more https://fudzilla.com/news/54249-phil...ply-chain-woes

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Intel warns it faces supply chain constraints	Stefan Mileschin	WebNews	0	26th July 2021 07:16
Hackers conduct one of the largest supply chain cyberattacks to date	Stefan Mileschin	WebNews	0	5th July 2021 08:30
Dell steps up security in supply chain	Stefan Mileschin	WebNews	0	6th December 2020 10:05
Vietnam suffering supply chain problems	Stefan Mileschin	WebNews	0	25th February 2020 09:24
Apple still can’t improve supply chain working conditions	Stefan Mileschin	WebNews	0	19th January 2018 17:07
iPad supply chain sees doom ahead	Stefan Mileschin	WebNews	0	2nd March 2017 05:49
Apple iPad ‘Pro’ to enter production next month, claim supply chain sources	Stefan Mileschin	WebNews	0	24th August 2015 07:31
ChannelEye launches, injects zest into the supply chain	Stefan Mileschin	WebNews	0	30th January 2013 11:22
iPad Mini in supply chain gamble	Stefan Mileschin	WebNews	0	25th October 2012 06:14
Samsung comes up trumps in Gartner supply chain list	Stefan Mileschin	WebNews	0	25th July 2012 06:25