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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