Philips stock price plummets

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Wednesday, the stock price of Philips plummeted by 16.00%. The stock price erased all December gains and reached below the 29.00 EUR mark.

The decline occurred, as the company announced that shortages and recalls had impacted profits. Namely, fourth-quarter profits were set to decrease by 40.00% or 650 million Euros.
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