Philips : Making progress
>We increase our underlying estimates by 7% and our TP to € 20/sh - In this note, we formally adjust our forecast for Philips (last update was 13 October 2022). Overall, our revenue forecasts come down by 5%, which is fully driven by currencies (the dollar appreciated 12% since our last update). We raise our underlying profitability by 7% on the back of strong Q4 2022 and Q1 2023 earnings releases. For 2023, this is not visible on the headline numbers as these now inc...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.
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