Phillips is expecting a comparable sales decline of approximately 5%. And honestly, we see everywhere profit warnings, right? So in itself, it's not so surprising that Phillips also has a profit warning. I wouldn't be surprised if a company like Metronic or other companies like that will face something similar. Then they also mentioned again, you know, order intake is declining,. okay, but then a good will impairment charge of 1.3 billion for their, what is it, their recipe, retary care business.
In this week's episode, we will share our thoughts about the dividend irrelevance theory. It's a challenge we often get as dividend growth investors from people around us, so we would like to clarify this. Hopefully once and for all!
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