Philips: sanctioned after annual results
(CercleFinance.com) - Philips shares are down more than 8% in Amsterdam this morning, following the publication of a 2024 adjusted EBITA margin that improved 90bp to 11.
5% on sales of E18bn, up 1% on a comparable basis.
On this occasion, the medical technology supplier raised its productivity savings target for 2023-25 from E2bn to E2.5bn, including E800m to be achieved this year.
The Dutch company intends to propose to its next AGM the payment of a dividend maintained at E0.85 per share, in cash or shares, with the potential payment in shares capped at half of this distribution.
For 2025, Philips anticipates an adjusted EBITA margin increase of 30bp to 80bp to 11.8% to 12.3%, as well as LFL sales growth of 1% to 3%, including a 'mid to high single-digit' percentage decline in China.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
5% on sales of E18bn, up 1% on a comparable basis.
On this occasion, the medical technology supplier raised its productivity savings target for 2023-25 from E2bn to E2.5bn, including E800m to be achieved this year.
The Dutch company intends to propose to its next AGM the payment of a dividend maintained at E0.85 per share, in cash or shares, with the potential payment in shares capped at half of this distribution.
For 2025, Philips anticipates an adjusted EBITA margin increase of 30bp to 80bp to 11.8% to 12.3%, as well as LFL sales growth of 1% to 3%, including a 'mid to high single-digit' percentage decline in China.
Copyright (c) 2025 CercleFinance.com. All rights reserved.