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.


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