Philips Company Report
With its third-quarter update, narrow-moat Philips delivered on our expectations for revenue growth (owing to the firm’s refreshed product portfolio and strong positions in high-growth healthcare, grooming, and shaving markets) and margin improvement (owing to operational leverage, growth of high-margin catheter products, and strong cost control). Despite revenue growth (4% year on year on a reported and organic basis) and adjusted EBITA margin expansion of 40 basis points, Philips’s third-quart...
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.
We have operations in 27 countries.
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