Philips: provides targets for 2021-25
(CercleFinance.com) - In a meeting with investors and analysts on Friday, Philips outlined its strategic targets and growth path for 2021-2025.
The Dutch group, which is now refocused on healthcare businesses, says it wants to accelerate sales growth while improving its profit margins.
On a comparable consolidation scope, its annual sales growth should therefore average between 5% and 6% over the period, with an adjusted operating (Ebitda) margin expected between 15% and 20%.
"The transformation has also led to a structurally improved growth and profitability profile of the company," said CEO Frans van Houten.
Philips also estimates that its productivity gains will lead to savings of around 2 billion euros by 2025.
However, all these projections seem to go unheard in the market, with the share down about 1% on Friday morning in Amsterdam.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The Dutch group, which is now refocused on healthcare businesses, says it wants to accelerate sales growth while improving its profit margins.
On a comparable consolidation scope, its annual sales growth should therefore average between 5% and 6% over the period, with an adjusted operating (Ebitda) margin expected between 15% and 20%.
"The transformation has also led to a structurally improved growth and profitability profile of the company," said CEO Frans van Houten.
Philips also estimates that its productivity gains will lead to savings of around 2 billion euros by 2025.
However, all these projections seem to go unheard in the market, with the share down about 1% on Friday morning in Amsterdam.
Copyright (c) 2020 CercleFinance.com. All rights reserved.