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Dow Jones Newswires: Philips posts wider loss after booking provision, says ‘uncertainties’ remain

Dow Jones Newswires

This file photograph taken on April 16, 2007, shows the logo of the Dutch medical and consumer electronics giant Philips at its headquarters in Amsterdam.

lex van lieshout/Agence France-Presse/Getty Images

Royal Philips NV on Monday reported a widened net loss for the first quarter of the year after booking a provision on the respironics recall-related economic loss class action in U.S.

The Dutch health-technology company NL:PHIA PHG said net loss for the period was 665 million euros ($730.9 million) compared with a loss of EUR151 million for the first quarter of 2022.


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