Philips Q1 core profit plunges as supply chain problems continue

  div classBodysc17zpet90 cdBBJodivpAMSTERDAM Reuters – Dutch health technology company Philips on Monday said firstquarter core profit dropped about a third from a year prior to 243 million euros 261.8 million, hit by an ongoing global shortage of parts and a massive recall of ventilators.p

  pAnalysts polled by the company had expected adjusted earnings before interest, taxes and amortisation EBITA to fall to 236 million euros on average in JanuaryMarch, from 362 million euros in the same period a year earlier. pdivdivdiv classBodysc17zpet90 cdBBJodiv

  p1 0.9281 eurosp


  pp Reporting by Bart Meijer Editing by Christopher Cushingp

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