Philips Sees FY 3-5% Sales Growth Despite Decline at Start of Year

• (PLX AI) - Philips sees 3-5% sales growth for 2022 despite an expected comparable sales decline at the beginning of the year, the company said.
• • Sees a recovery and strong second half of the year
• • For the full year, Philips targets 5-6% comparable sales growth excluding Sleep & Respiratory Care
• • For the Group, we target 3-5% comparable sales growth and a 40-90 basis-points improvement in Adjusted EBITA margin: Philips