It is the worst trade market day for Philips in 26 years. This was because the company reported Monday morning that sales in China were disappointing. This will probably continue to play tricks on Philips for the rest of the year, reducing revenue expectations. Philips last lost more market value in one day in September 1998. Even during the sleep apnea affair of recent years, the Amsterdam-based group was spared such a large daily loss.
However, the affair caused a gradual price loss. The value of the stock fell from 47 euros in April 2021 to a low of about 11 euros at the end of 2022. Since then, the market value of Philips has increased considerably. But the company had to give up a considerable part of those profits on Monday.