Philips : Mea culpa
>Another quarter another profit warning – lowering estimates 20% - Yesterday the company issued another profit warning. Consensus expectations on 3Q22 already had come down materially in the last two weeks, however the company even managed to miss these low expectations by a mile. Reasons for the weak performance include another quarter with continued supply chain challenges that were more significant than anticipated, impacting deliveries and customer installations. ...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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