Philips Delivered Again on Our Expected Operational Results Improvements in Q2; Shares Undervalued
Philips reported good second-quarter sales of EUR 5.9 billion, up 3% on a comparable basis, and adjusted EBITA of EUR 544 million, or 9.3% of sales, compared with 8.4% in the year-ago quarter. Revenue was in line with our expectations, and we are encouraged by the solid sales growth in the quarter, driven by 5% growth in the HealthTech portfolio and partly offset by a 1% decline in lighting. For 2016, we expect modest sales growth and increasing margins as a result of operational performance im...Koninklijke Philips Electronics is active in the markets of healthcare, consumer lifestyle and lighting. Co.'s activities can be divided into three segments: Healthcare (Co. provides Imaging Systems, Patient Care and Clinical Informatics, Home Healthcare Solutions and Customer Services), Consumer Lifestyle (Co.'s products are divided into the following: Health and Wellness; Domestic Appliances; and Lifestyle Entertainment), Lighting (Co. provides lighting solutions for homes, shops, offices, schools, hotels, factories and hospitals; Co. also offers solutions for roads (street lighting and car lights) and for public spaces, residential areas and sports arenas).
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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