Koninklijke Philips Revised FY23 Outlook For Comparable Sales Growth To 6%-7% And An Adjusted EBITA Margin To 10%-11%
Portfolio Pulse from Benzinga Newsdesk
Koninklijke Philips has revised its FY23 outlook, expecting to deliver 6-7% comparable sales growth and an Adjusted EBITA margin of 10-11%. The company's confidence is reinforced by its improved performance year-to-date, a strong order book, and ongoing actions, despite uncertainties in the volatile geopolitical environment.
October 23, 2023 | 8:19 am
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Koninklijke Philips has raised its FY23 outlook, which may positively impact its stock price.
The company's raised outlook for FY23 indicates strong performance and potential for growth, which could attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100