Philips : A weak Q1 but management suggests that a marked improvement is on the way
>A weak Q1, as expected. Orders have stalled - Yesterday the group published a weak Q1 (cf. our flash “A weak Q1, as expected, in contrast, orders disappointedâ€), although a shade above forecasts (+1.7% for adjusted EBITA). Sales were up 2.3% l-f-l, penalised by issues at suppliers (a fire at one of them) at the IGD (imaging guided therapy) activity, with an impact of € 40m (vs € 50m initially announced). This € 40m impact should be recuperated in Q2 and Q3. The ...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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