Koninklijke Philips Reiterates 2024 Outlook: Continues To Expect 3-5% Comparable Sales Growth And Adjusted EBITA Margin Of 11-11.5%; Sees Free Cash Flow Of EUR 0.9B-1.1B
Portfolio Pulse from Benzinga Newsdesk
Koninklijke Philips has reiterated its 2024 outlook, expecting 3-5% comparable sales growth, an Adjusted EBITA margin of 11-11.5%, and free cash flow of EUR 0.9-1.1 billion. The outlook excludes potential impacts from ongoing legal proceedings related to Philips Respironics.
July 29, 2024 | 5:11 am
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Koninklijke Philips (PHG) has reiterated its 2024 outlook, expecting 3-5% comparable sales growth, an Adjusted EBITA margin of 11-11.5%, and free cash flow of EUR 0.9-1.1 billion. The outlook excludes potential impacts from ongoing legal proceedings related to Philips Respironics.
The reaffirmation of the 2024 outlook with positive growth and margin expectations is likely to boost investor confidence in PHG. However, the exclusion of potential impacts from ongoing legal proceedings introduces some uncertainty.
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