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Philips says it did not profiteer on ventilators amid coronavirus

Published 31/07/2020, 14:34
© Reuters. Dutch health technology company Philips presents the company's financial results for the fourth quarter in Amsterdam
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AMSTERDAM (Reuters) - Dutch healthcare equipment company Philips (AS:PHG) said on Friday it had not sought to profit by raising the price of the ventilators it manufactures during the coronavirus crisis.

In a statement, Chief Executive Officer Frans van Houten said the company was responding to a report issued by the U.S. Congress's House Subcommitte on Economic and Consumer policy.

© Reuters. Dutch health technology company Philips presents the company's financial results for the fourth quarter in Amsterdam

"I would like to make clear that at no occasion, Philips has raised prices to benefit from the crisis situation," he said.

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