Philips : Q3 much better than expected but 2021 targets fall below consensus forecasts
>Q3 delivers a positive surprise - Yesterday, Philips published Q3 earnings that were far better than expected, with the positive surprise entirely due to the connected care division. Sales were up 10.3% on an organic basis (consensus at 5.4%, ODDO BHF at 6.6%) and adjusted EBITA came in at € 769m (consensus and ODDO BHF at € 630m), 22% above forecasts. The adjusted EBITA margin was 15.4%, up 300bp. By division, personal health posted organic growth of 6.5%, having no...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.