Philips: 2019 EPS above estimates
(CercleFinance.com) - Philips has reported FY 2019 adjusted EPS from continuing operations that is up 15% at 2.
02 euros, 12 cents above the consensus. Meanwhile, its adjusted EBITA margin inched up 0.1 point to 13.2%.
The Dutch healthcare technology group's annual revenues came in at 19.5 billion euros, up 4% like-for-like, while, in comparable terms, its order intake increased by 3%.
Regarding 2020, Philips targets 4%-to-6% growth in comparable revenues and expects its adjusted EBITA margin to improve by about 100 basis points, with it expecting its performance to improve over the year.
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