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Philips underlying 2018 profit higher after selling their Lighting and Electrical Appliance Divisions.

In March 2018 Philips Lighting announced their intention to change company name to Signify while keeping the Philips brand for its products.  The company, which is focusing its business on medical equipment and services, said its full-year net profit was down 41.3 percent at 1.09 billion euros ($1.25 billion) on sales of 18.12 billion euros, up nearly two … Continue reading Philips underlying 2018 profit higher after selling their Lighting and Electrical Appliance Divisions.