Report
Delphine Brault

Philips : Un T3 décevant, pénalisé par des effets changes et un mix défavorable

>Un T3 sous les attentes, impacté notamment par les effets changes - La publication des résultats T3 hier (cf. notre flash « Résultats T3 18 inférieurs aux attentes ») s’est révélée inférieure aux attentes, avec une croissance organique de 4.2% (contre 5.4% attendus par le consensus) et une amélioration de marge d’EBITA ajustée de 40 pb (vs +60 pb attendus). Les effets changes ont pesé plus qu’anticipé (-60 pb), du fait des monnaies émergentes (Turquie, Argentine nota...
Underlying
Koninklijke Philips N.V.

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).

Provider
Oddo BHF
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.

Analysts
Delphine Brault

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