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Philips Q1 Loss Widens, Adj. EBITA Rise; Says Confident Of FY23; Stock Climbs - Vimarsana News

Philips Q1 Loss Widens, Adj. EBITA Rise; Says Confident Of FY23; Stock Climbs

Shares of Philips Electronics NV were gaining around 12 percent in the morning trading in Amsterdam after the Dutch consumer electronics giant reported Monday higher adjusted EBITA and sales in its first quarter, and said it is confident for fiscal 2023.