logo
Plus   Neg
Share
Email

Royal Philips Q3 Comps. Up 6% - Quick Facts

Royal Philips (PHGFF.PK,PHG) said it expects third-quarter Group sales of approximately 4.7 billion euros, a 6 percent comparable sales growth. Comparable order intake growth is expected to be flat. Adjusted EBITA is anticipated to be around 583 million euros. Net income from continuing operations is projected to be approximately 210 million euros, which will include a charge of 78 million euros related to a goodwill impairment in Connected Care.

Frans van Houten, CEO of Royal Philips, said: "While I am pleased with the operational performance improvements in the Diagnosis & Treatment and Personal Health businesses, it is disappointing that margins declined in the Connected Care businesses. We will drive further strong mitigating actions to accelerate the improvement in these businesses."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration has granted accelerated approval to Tazverik for the treatment of adults and pediatric patients aged 16 years and older with metastatic or locally advanced epithelioid sarcoma not eligible for complete resection. Epithelioid sarcoma is a rare sub-type of soft... STIHL recalls about 16,400 STIHL RE 90 pressure washers due to injury hazard. According to the company, the recalled pressure washer nozzle can disconnect from the spray wand when under pressure during use, posing an injury hazard. STIHL said it received seven reports of the nozzle detaching from... CVS Health Corp. launched 13 new HealthHUB locations in CVS Pharmacy stores across Philadelphia and South New Jersey. The healthcare company said it developed the HealthHUB store format to help people manage chronic conditions more conveniently and affordably. The store also features health and wellness products, clinical services and expertise.
RELATED NEWS
Follow RTT
>