Amsterdam (dpa-Afx)-growth worries with a view to the China business have the shares of Philips sag on Wednesday. The medical device manufacturer’s papers bent by almost 13 percent to 23.60 euros and found themselves at the level of mid -December last year. The Dutch leading index AEX hardly moved off the spot.
Philips assumes that the lower demand in China will slow down growth again this year. The region remains a “significant headwind”, the analysts from Bernstein Research wrote. Analyst David Adlington from the US bank JPmorgan commented, sales development remains difficult. The outlook for 2025 means slight correction needs for the market expectations.
With the course slip on Wednesday, the chart picture for Philips’s shares in Philips suddenly clouded. The shares fell under all important average lines that describe the short, medium and long-term trend. Charter -oriented investors regard this as a potential sales signal./la/mis
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