Accueil > Actualité
Actualite financiere : Actualite bourse

Philips: stock down - due to sell domestic appliance unit

(CercleFinance.com) - The Philips share is down over 3% on Tuesday afternoon, with the Dutch electronics group announcing that it wants to examine the options for its household appliance business.

It will create a separate legal structure for this business, which should be completed in the next 12-to-18 months.

The domestic appliances business reported 2019 sales of 2.3 billion euros.

"We have significantly improved the performance of the Domestic Appliances business over the years, which has made a very important contribution to Philips, however this business is not a strategic fit for our future as a health technology leader," said Frans van Houten, CEO of Royal Philips.

"We are also committed to a seamless transition of the Domestic Appliances business with continuity for our employees, partners and customers," he added.


Copyright (c) 2020 CercleFinance.com. All rights reserved.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.