Philips (PHG) Misses Q4 EPS by 16c; offers outlook

Philips (NYSE: PHG) reported Q4 EPS of EUR0.41, EUR0.16 worse than the analyst estimate of EUR0.57. Revenue for the quarter came in at EUR5.06 billion versus the consensus estimate of EUR5.88 billion.

OUTLOOK

Philips reiterates confidence in delivering the plan for 2023-2025, acknowledging that uncertainties remain. For full-year 2024, Philips expects to deliver 3-5% comparable sales growth and an Adjusted EBITA margin of 11-11.5%. The free cash flow from Philips' businesses is expected to amount to EUR 0.8-1 billion. This only excludes the remaining cash-out related to the previously announced resolution of the economic loss class action in the US.

For earnings history and earnings-related data on Philips (PHG) click here.

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