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Philips : Q2 in line with expectations, with organic growth slightly lower than expected
>Q2: organic growth +4%, adj EBITA margin +100bp - Philips just reported its Q2 earnings this morning. Organic growth in sales was 4% (versus the consensus forecast of 4.7%) and adjusted EBITA came to € 482m (consensus € 481m), lifting the adjusted EBITA margin to 11.2% (an improvement of 100bp). EBITA includes an exceptional capital gain of € 43m and a provision for the ongoing European Commission investigation of € 18m. Net profit came to € 2m, affected by...
Underlying
Koninklijke Philips
Provider
Oddo BHF
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.
Delphine Brault
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