The Dutch company, which is in the process of exiting its lighting business, reiterated its financial targets for the next three to four years despite voicing concerns about its markets. Its goal is to achieve 4% to 6% comparable sales growth, while growing adjusted Ebita by 100 basis points annually. ("Philips In Talks With U.S. Authorities Over Defibrillators -- 2nd Update," at 0959 GMT, said wrongly that the company was presenting new financial targets in the final paragraph.)

(END) Dow Jones Newswires

January 24, 2017 06:10 ET (11:10 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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