Correction to Philips Story
January 24 2017 - 6:25AM
Dow Jones News
The Dutch company, which is in the process of exiting its
lighting business, reiterated its financial targets for the next
three to four years despite voicing concerns about its markets. Its
goal is to achieve 4% to 6% comparable sales growth, while growing
adjusted Ebita by 100 basis points annually. ("Philips In Talks
With U.S. Authorities Over Defibrillators -- 2nd Update," at 0959
GMT, said wrongly that the company was presenting new financial
targets in the final paragraph.)
(END) Dow Jones Newswires
January 24, 2017 06:10 ET (11:10 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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