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Philips records 4.4 billion euro ($4.9 billion) in Q3 revenue and announces recall settlement plan

Medical Device Network +1 · ·by G4L

  1. 1Philips recorded 4.4 billion euro ($4.9 billion) in Q3 revenue.
  2. 2Philips achieved an 8% growth rate in comparable order intake during the quarter.
  3. 3Philips plans to pay 288 million euro to the US Department of Justice in Q1 2027.

So what's the key point?

Philips generated 4.4 billion euro in revenue during the third quarter. The company plans to pay 288 million euro to the US government in early 2027, which could be a burden for investors.

Source Medical Device Network +1 · View original ↗

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