Philips: stock abandoned despite rise in quarterly results
(CercleFinance.com) - The Philips stock is down 5.
4% in Amsterdam today, despite publishing Q3 2018 net income that is up 17% at 307 million euros, with a 40-bp improvement in its adjusted EBITA margin to 13.2%.
At 4.3 billion euros, the Dutch electronics group's revenues - which has refocused on healthcare equipment - increased by 4% on a like-for-like basis, with the group's order intake up 11% on a comparable basis.
While observing headwinds, for which it is taking appropriate measures, Philips has confirmed that over 2017-2020 it is targeting comparable sales growth of 4% to 6%, with an average 100-bp annual improvement in its adjusted EBITA margin.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
4% in Amsterdam today, despite publishing Q3 2018 net income that is up 17% at 307 million euros, with a 40-bp improvement in its adjusted EBITA margin to 13.2%.
At 4.3 billion euros, the Dutch electronics group's revenues - which has refocused on healthcare equipment - increased by 4% on a like-for-like basis, with the group's order intake up 11% on a comparable basis.
While observing headwinds, for which it is taking appropriate measures, Philips has confirmed that over 2017-2020 it is targeting comparable sales growth of 4% to 6%, with an average 100-bp annual improvement in its adjusted EBITA margin.
Copyright (c) 2018 CercleFinance.com. All rights reserved.