Philips : Weak comp sales growth Q3 results in 2024 guidance adjustment
>China main culprit for weak comp. sales growth, EBITA margin a tad better - Philips reported sales of € 4.44bn or a miss of 1% as css was at € 4.50bn. The comparable sales growth came in at 0.0% whereas consensus was expected +2.1%. The shortfall in comparable sales growth was solely due to China and weak consumer and hospital demand as the Philips CEO indicated saw continued solid growth in the other regions. The comparable order intake declined 2%, which was still...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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