Philips expects sales to recover from supply chain woes after the summer

The logo of Dutch technology company Philips is seen at the company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File Photo

AMSTERDAM, Jan 24 (Reuters) – Dutch health technology company Philips (PHG.AS) said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortages of parts is likely to persist in the coming months.

Philips earlier this month warned supply chain woes would hit profits and a ventilator recall needed to be expanded. read more

Reporting by Bart Meijer; Editing by Kim Coghill

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