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International Business Times

Business

Philips Losses Worse Than Expected In 2024

Philips Roy Jakobs

Philips losses were deeper than expected in 2024 (Credit: AFP)

Philips on Wednesday posted worse-than-expected losses in 2024, as the Dutch medical device maker bids to turn the page on a damaging recall of faulty sleep machines.

The firm reported a net loss of 698 million euros for the full year 2024, compared to the 463-million-euro loss it posted in 2023.

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