Philips is turning the page on its sleep machine scandal

Philips is turning the page on its sleep machine scandal

Philips said Wednesday its first-quarter profits had doubled, maintaining its sales forecasts as the Dutch electronics and medical device manufacturer seeks to turn the page on a scandal involving faulty sleep machines.

Net profits came in at 146 million euros ($171 million), compared with a net profit of 72 million euros in the same quarter last year and 397 million euros in the fourth quarter of 2025.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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