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JAN 28, 2014 - Yahoo! News

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Philips sees tough 2014 after weak Q4 orders

Philips, the Dutch healthcare, lighting and consumer appliances group, warned on Tuesday of a tough year ahead, citing currency gyrations and weak orders in the fourth quarter of last year. The company reported better-than-expected fourth-quarter earnings before interest, tax and amortization (EBITA) and met its full-year financial targets, thanks to improvements at all its businesses after two years of cutting costs, selling weak businesses, and targeting new products at emerging markets. "Looking at 2014, we remain cautious because of ongoing macro-economic uncertainties, currency ... Read More

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