Philips: Q3 beats consensus
(CercleFinance.com) - Philips reports adjusted Q3 EPS from continuing operations that is up 10% at 0.
46 euro, five cents above the consensus, despite a 0.8-point fall in its adjusted EBITA to 12.4%.
The medical equipment manufacturer's revenues came in at 4.7 billion euros, up 6% on a comparable basis, with double-digit growth in China, while order bookings were stable on a comparable basis.
For FY 2019, Philips confirms that it targets sales growth of 4% to 6% on a comparable basis and anticipates an improvement of around 10 to 20 basis points in its adjusted EBITA margin, given significant headwinds.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
46 euro, five cents above the consensus, despite a 0.8-point fall in its adjusted EBITA to 12.4%.
The medical equipment manufacturer's revenues came in at 4.7 billion euros, up 6% on a comparable basis, with double-digit growth in China, while order bookings were stable on a comparable basis.
For FY 2019, Philips confirms that it targets sales growth of 4% to 6% on a comparable basis and anticipates an improvement of around 10 to 20 basis points in its adjusted EBITA margin, given significant headwinds.
Copyright (c) 2019 CercleFinance.com. All rights reserved.