Strong Profitable Growth and Order Intake in 4Q Confirm Our Bullish Stance on Philips
With an excellent set of fourth-quarter results, narrow moat Philips delivered against our expectations for revenue growth (due to the firm’s refreshed product portfolio and strong positions in the high-growth healthcare, grooming and shaving markets) and margin improvement (due to operational leverage, growth of high-margin catheter products, and strong cost control). Philips reported fourth-quarter sales of EUR 5.3 billion, up 5% on a comparable basis, and adjusted EBITA of EUR 884 million, or...
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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