Philips Non-GAAP EPS of €0.26, revenue of €4.1B; reaffirms FY24 outlook

seekingalpha04-29

Philips (NYSE:PHG) has reaffirmed FY24 outlook and reports Q1 earnings report. Q1 Non-GAAP EPS of €0.26. Revenue of €4.1B (-1.7% Y/Y), with comparable sales growth of 2.4%. Comparable order intake -...

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Comparable order intake -...</p>\n\n<a href=\"https://seekingalpha.com/news/4095250-philips-non-gaap-eps-of-026-revenue-of-41b-reaffirms-fy24-outlook\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Philips Non-GAAP EPS of €0.26, revenue of €4.1B; reaffirms FY24 outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPhilips Non-GAAP EPS of €0.26, revenue of €4.1B; reaffirms FY24 outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-29 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4095250-philips-non-gaap-eps-of-026-revenue-of-41b-reaffirms-fy24-outlook><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Philips (NYSE:PHG) has reaffirmed FY24 outlook and reports Q1 earnings report. Q1 Non-GAAP EPS of €0.26. Revenue of €4.1B (-1.7% Y/Y), with comparable sales growth of 2.4%. Comparable order intake -...</p>\n\n<a href=\"https://seekingalpha.com/news/4095250-philips-non-gaap-eps-of-026-revenue-of-41b-reaffirms-fy24-outlook\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://seekingalpha.com/news/4095250-philips-non-gaap-eps-of-026-revenue-of-41b-reaffirms-fy24-outlook","article_id":"2431075070","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1308866250/image_1308866250.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431075070","pubTimestamp":1714367169,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Philips  has reaffirmed FY24 outlook and reports Q1 earnings report. Q1 Non-GAAP EPS of 0.26. Revenue of 4.1B , with comparable sales growth of 2.4%. Comparable order intake -3.8%, mainly due to China Adjusted EBITA margin of 9.4% of sales. Free cash outflow of 336 million.  Productivity: Total productivity savings of 151 million in the quarter: operating model savings of 55 million, procurement savings of 40 million, and other programs savings of 56 million.  Outlook: Philips reiterates its confidence in delivering the 2025 plan, acknowledging that uncertainties remain. For the full year 2024, Philips continues to expect 3-5% comparable sales growth and an Adjusted EBITA margin of 11-11.5%. The expected free cash flow is now increased to 0.9-1.1 billion in 2024, including the receipt from insurers for the Respironics product liability claims and the remaining payment related to the economic loss settlement. The personal injury and medical monitoring litigation settlement payment is ex","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","PHG":"飞利浦","BK4585":"ETF&股票定投概念","BK4082":"医疗保健设备"},"translate_title":"飞利浦€非GAAP每股收益0.26，€营收41亿；重申2014财年展望","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PHG":1},"content_text":"Philips (NYSE:PHG) has reaffirmed FY24 outlook and reports Q1 earnings report. Q1 Non-GAAP EPS of €0.26. Revenue of €4.1B (-1.7% Y/Y), with comparable sales growth of 2.4%. Comparable order intake -3.8%, mainly due to China Adjusted EBITA margin of 9.4% of sales. Free cash outflow of €336 million.  Productivity: Total productivity savings of €151 million in the quarter: operating model savings of €55 million, procurement savings of €40 million, and other programs savings of €56 million.  Outlook: Philips reiterates its confidence in delivering the 2025 plan, acknowledging that uncertainties remain. For the full year 2024, Philips continues to expect 3-5% comparable sales growth and an Adjusted EBITA margin of 11-11.5%. The expected free cash flow is now increased to €0.9-1.1 billion in 2024, including the receipt from insurers for the Respironics product liability claims and the remaining payment related to the economic loss settlement. 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