BLOOMBERG: Philips Says Behind on Its 2016 Targets After Setbacks

 

Royal Philips NV, which reported lower than estimated earnings in the fourth quarter, said it is behind on its 2016 financial targets after shipment delays, currency effects and some weak markets. Chief Executive Officer Frans Van Houten described the results as "disappointing." He spoke from Amsterdam in an interview with Anna Edwards on Bloomberg Television's "Countdown."