Philips has to rely on shaver and toothbrush | Financial

After setbacks in the medical market:

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Amsterdam – Electronics group Philips warns of disappointing growth and profits in 2021. Shortages in electronic parts such as chips and the costs that the company constantly spends on repairing and replacing the dreamstation sleep apnea device mean that the company’s worldwide turnover is lower (-7.6%) and lower margins. It thinks that the fourth quarter will also be less good than expected, in 2022 the company can recover.