Philips Q2 Report Shows Growth and Optimistic Outlook

Koninklijke Philips (PHG) has released an update.

Koninklijke Philips N.V. reported a solid performance in the second quarter of 2024, with a 2% growth in comparable sales, a 9% increase in order intake, and an improved Adjusted EBITA margin of 11.1%. The company remains confident in achieving its full-year outlook, projecting 3-5% comparable sales growth and a strong free cash flow. These results reflect Philips’ ongoing focus on innovation, productivity improvements, and strategic partnerships in the healthcare technology sector.

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