Philips reported a weak set of Q3 preliminary figures, with the full-report expected on 24 October 2022. Supply-chain challenges have again delayed the recovery. Moreover, fresh lockdowns in China and a worsening macro-economic environment has reduced any hope of a recovery in the near-term, something which was also visible in the Q4 guidance. Now all eyes are on the new CEO. While the near term is likely to remain constrained and the stock is now trading close to decade lows, investors are like ....
12 Oct 2022
Another dismal quarter
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Another dismal quarter
Philips reported a weak set of Q3 preliminary figures, with the full-report expected on 24 October 2022. Supply-chain challenges have again delayed the recovery. Moreover, fresh lockdowns in China and a worsening macro-economic environment has reduced any hope of a recovery in the near-term, something which was also visible in the Q4 guidance. Now all eyes are on the new CEO. While the near term is likely to remain constrained and the stock is now trading close to decade lows, investors are like ....