$PHIA (-0.25%) | Philips Q3 FY24 Earnings Highlights
š¹ Adjusted EPS: ā¬0.32 (Est. ā¬0.35) š“
š¹ Adj EBITA: ā¬516M (Est. ā¬535.1M) š“; Margin 11.8%
š¹ Sales: ā¬4.38B (Est. ā¬4.58B) š“; Flat Comp Sales Growth
CUTS FY24 Guidance:
š¹ Comparable Sales Growth: 0.5%-1.5% (Prev. 3%-5%) š“
š¹ Free Cash Flow: ~ā¬900M (Prev. ā¬900M-ā¬1.1B) š
š¹ Adjusted EBITA Margin: ~11.5%
Business Performance & Outlook:
š¹ Order Intake: DOWN -2%, impacted by weak China demand
š¹ China: Significant deterioration in demand led to revised sales outlook
š¹ Non-China Markets: Steady growth of 3%-5%