Philips expects significant decrease in result last quarter

Philips expects the operating profit for the last quarter of 2014 will be significantly lower than that of the same period a year earlier. According to different media.

There is an expected result of 255 million euros, which is 70 percent less than in the last quarter of 2013. Cause being, among others, dealing with difficult market conditions.

But also unexpected legal costs and negative effects by exchange rates are mentioned as causes of low figures.

On Tuesday, January 27th the official quarterly figures from Philips are presented.

Source: Studio040

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