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$PHIA (-0.78%) | Philips Q3 FY24 Earnings Highlights


šŸ”¹ Adjusted EPS: ā‚¬0.32 (Est. ā‚¬0.35) šŸ”“

šŸ”¹ Adj EBITA: ā‚¬516M (Est. ā‚¬535.1M) šŸ”“; Margin 11.8%

šŸ”¹ Sales: ā‚¬4.38B (Est. ā‚¬4.58B) šŸ”“; Flat Comp Sales Growth


CUTS FY24 Guidance:

šŸ”¹ Comparable Sales Growth: 0.5%-1.5% (Prev. 3%-5%) šŸ”“

šŸ”¹ Free Cash Flow: ~ā‚¬900M (Prev. ā‚¬900M-ā‚¬1.1B) šŸ˜•

šŸ”¹ Adjusted EBITA Margin: ~11.5%


Business Performance & Outlook:

šŸ”¹ Order Intake: DOWN -2%, impacted by weak China demand

šŸ”¹ China: Significant deterioration in demand led to revised sales outlook

šŸ”¹ Non-China Markets: Steady growth of 3%-5%

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