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Tag: profit growth

Philips reports strong sales and profit growth in 2023

Posted on January 29, 2024January 29, 2024

AMSTERDAM: Philips, a global leader in health technology, announced its 2023 financial results, showing a 7% increase in comparable sales and a 10.5% increase in adjusted EBITA margin. The company also generated a free cash flow of EUR 1,582 million, up from EUR 1,018 million in 2022. The company attributed its strong performance to the…

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