We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Koninklijke Philips NV | EU:PHIA | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 19.62 | 20.40 | 19.60 | 0.00 | 06:40:01 |
By Adria Calatayud
Koninklijke Philips NV (PHIA.AE) said Monday that second-quarter net profit beat analysts' expectations, as both sales and margins rose thanks to strong performances at its diagnosis and treatment businesses.
The Dutch technology company made a net profit of 243 million euros ($272.6 million) in the second quarter, ahead of analysts' forecasts of a net profit of EUR239 million, according to a consensus compiled by the company.
Net profit from continuing operations rose to EUR260 million from EUR186 million a year before, the company said.
Quarterly sales increased to EUR4.67 billion from EUR4.29 billion in the year-earlier period, Philips said. Analysts expected sales of EUR4.59 billion, according to a company-provided consensus.
Comparable sales rose 6% in the quarter, exceeding analysts' forecasts of a 4.5% increase.
Philips's adjusted earnings before interest, taxes and amortization for the quarter grew 12% at EUR549 million, with a margin of 11.8%, it said. Analysts forecast an adjusted Ebita of EUR542 million at a margin of 11.8% of sales.
The company reiterated its targets for the 2017-2020 period of 4-6% comparable sales growth and an average annual 100 basis points improvement in adjusted Ebita margin.
Write to Adria Calatayud at adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
July 22, 2019 01:34 ET (05:34 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Koninklijke Philips NV Chart |
1 Month Koninklijke Philips NV Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions