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Philips: Sales were down, orders were up in Q4, 2021

January 24, 2022HME News Staff

AMSTERDAM, the Netherlands – Philips’ comparable sales decreased 32% in the fourth quarter of 2021 for the Connected Care business due, in part, to a double-digit decline in Sleep & Respiratory Care associated with the recall. For the full year, the Connected Care business recorded a 23% comparable sales decrease. “Patient well-being is at the heart of everything we do at Philips, and we remain extremely focused on repairing and replacing the devices related to...

Philips earnings, Philips Recall, Respiratory Therapy, Sleep Therapy