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Philips expects sales to recover from supply chain problems after the summer

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© Reuters. FILE PHOTO: The logo of the Dutch technology company Philips is displayed at the company’s headquarters in Amsterdam (Netherlands) on January 29, 2019. REUTERS / Eva Plevier / File Photo

AMSTERDAM (Reuters) – Dutch health technology company Philips said on Monday it expects sales to recover sharply in the second half of the year, and is likely to see a sharp decline in the coming months due to global shortage of parts.

Philips warned earlier this month that supply chain problems would result in profits and that fan reminders should be expanded.

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