Philips sticks to forecast for year as a whole

Philips CEO Frans van Houten is sticking to his forecast for 2016 as a whole, for the second half of the year............

a slightly better result is expected but there are concerns about the volatility in some markets.

In the 2nd quarter a turnover of EUR 5.86 m was made, which is 2% less than in the same period last year. Profits amounted to EUR 431 m and were 57.3% higher than in Q2 2015.