Dutch consumer electronics giant Philips Electronics NV (PHGFF.PK,PHG) reported that its first quarter net loss attributable to shareholders widened to 999 million euros or 1.10 euros per share from last year's 665 million euros or 0.72 euros per share, hurt by Respironics litigation provision and higher tax expense, partly offset by improved operational performance.
For the full year 2024, Philips continues to expect 3%-5% comparable sales growth and an adjusted EBITA margin of 11%-11.5%.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.