PHILIPS: ANUNCIA PROFIT WARNING (ANÃLISIS BANCO SABADELL)
Ha prepublicado Rdos. 3T’19 claramente por debajo de lo previsto por nosotros y el consenso en EBITA ajustado (+2,6% vs +10,6% BS(e) y consenso) ante la mala evolución de Connected Care (20% ventas) afectados por la guerra comercial y el retraso de medidas de mitigación de dichos efectos en la división (se deberÃa al elevado número de referencias que impiden una solución generalizada al problema de los aranceles). Esto supone gran parte de la caÃda del margen EBITA ajustado en 3T de ~-80 pbs (vs +60 pbs en 2T) y motiva la rebaja del guidance’19 de crecimiento en margen a +10/+20 pbs (vsKoninklijke 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).
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