Philips delivers growth, improved profitability, and strong cash flow in Q4 and 2024; continues solid execution of its three-year plan
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Philips reported growth in sales, profitability, and cash flow for Q4 and 2024, despite challenges in China. The company increased its productivity savings target and resolved significant US litigation related to the Respironics recall.
February 19, 2025 | 6:15 am
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Philips reported a 1% growth in sales and order intake for 2024, with improved profitability and strong cash flow. The company resolved US litigation related to the Respironics recall and maintained its dividend proposal.
Philips' financial performance in Q4 and 2024 shows growth in sales and profitability, which is positive for the stock. The resolution of US litigation removes a significant overhang, and maintaining the dividend is a positive signal to investors. These factors are likely to positively impact the stock price in the short term.
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