Dutch electronics giant Philips has warned that its fourth quarter pro ts will be worse than expected
Philips has yet to release full figures, but it said free cash flow would be £826m. It was £991m last year.
Philips said the problems in the struggling European market meant it could not charge customers as much as it would have liked for lamps, leading to the drop in profits.
Chief executive Frans van Houten said: ‘We have taken measures to address our inventory situation in the lighting business.’
07 January 2011
Exterior lighting company Paviom has been chosen to support a two-year study into how cities can balance the need to create urban identity with a low-carbon economy.
01 April 2011
The world’s eyes will be on Wankhede Stadium in Mumbai this Saturday for the final of the cricket World Cup between India and Sri Lanka. The showcase one-day cricket event is the first all-Asian final in the World Cup’s 36 year history.