Koninklijke Philips NV reported a fourth-quarter FY21 sales decline of 5.6 percent year-on-year to €4.9 billion ($5.56 billion). The company attributed the comparable sales decline of 10 percent to headwinds caused by global supply chain challenges, postponement of equipment installations in hospitals, and consequences of the Respironics field action. The comparable order intake rose by 4 percent, with double-digit growth in the Diagnosis & Treatment businesses, partly offset by a double-digit decline in the Connected Care businesses. Comparable sales for Diagnosis & Treatment businesses were in line with Q4 2020, with double-digit growth in Image-Guided Therapy, offset by declines in Ultrasound and Diagnostic Imaging. The comparable order intake for the Diagnosis & Treatment businesses increased 10 percent, with double-digit growth in Image-Guided Therapy and mid-single-digit growth in Ultrasound. The adjusted EBITDA margin contracted 100 bps to 16.2 percent. The comparable sales in the Connected Care businesses declined 32 percent Y/Y due …
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