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.
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