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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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.
Copyright (c) 2020 CercleFinance.com. All rights reserved.