January 28, 2020 / 6:11 AM / a month ago

Philips looking for buyer of domestic appliances business

AMSTERDAM, Jan 28 (Reuters) - Dutch health technology company Philips said on Tuesday it is looking to sell its division for domestic appliances, whose coffee machines, air purifiers and airfryers generated 2.3 billion euros ($2.55 billion) in sales last year.

Philips also reported fourth-quarter adjusted earnings before interest, taxes and amortisation (EBITA) of 1.07 billion euros, in line with analysts’ expectations. ($1 = 0.9014 euros) (Reporting by Bart Meijer; Editing by Muralikumar Anantharaman)

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