Dutch electronics giant Philips said Monday it will increasingly rely on emerging markets as a buffer against the possible negative effects of Brexit, warning of a revenue drop and possible job losses in Britain.
"I don't think we've seen a big impact yet (from Brexit)," said the Amsterdam-based group's chief executive Frans van Houten.
"But I am certainly concerned aboutRead more
Dutch electronics giant Philips, which is focusing its business on medical equipment and services, said Monday that its profit margin and net earnings both rose in the third quarter as it cut costs and stepped up sales.
Net profit jumped 10 percent to 423 million euros ($498 million) for the period from July through September.
Meanwhile sales climbed by fourRead more
Dutch electronics giant Philips on Monday posted a 32.9 percent fall in second quarter profits, hit mainly by the costs of spinning off its lighting business last year.
Net income dropped to 289 million euros from 431 million euros over the same period in 2016 "due to lower income from discontinued operations, and higher structuring and acquisition-related charges," the Amsterdam-basedRead more
Dutch electronics giant Philips Monday posted a 32.9 percent fall in second quarter profits, hit mainly by the costs of spinning off its lighting business last year.
Net income dropped to 289 million euros from 431 over the same period in 2016 "due to lower income from discontinued operations, and higher structuring and acquisition-related charges," the Amsterdam-based company said.
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