Philips : 1Q in line, while clearing a major hurdle in the US
>Underlying 1Q24 results in line with consensus estimates - The underlying 1Q24 results where in line with company compiled consensus estimates. Revenues came in at €4.1bn (vs €4.1bn expected) and Adj EBITA came in at €387mln which is 7% ahead of consensus at €361mln. However if we exclude the beat in the Other segment, we note that the beat on Adjusted EBITA is 1.6%. On a divisional level we see that profitability in Diagnosis & Treatment slightly disappointed (miss ...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).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.