The adjusted EBITA was higher than expected and the turnover exceeds expectations, especially in Healthcare and Lighting, he says. However, the outlook is a little more cautious.
SEE ALSO: ‘At last’ good news Philips
The guidance is repeated for 2015, but the target margin by 100 basis points to screw on seems to be more challenging, says ING. Also, the outlook for 2016, which Philips says to be concerned about the impact of the challenging economic conditions, looks more cautious, says the analyst.
The advice is buy with a target price of EUR30.
Monday around 10:05 hours the share was 3.4% higher at EUR25,00, while the AEX fell by 0.8%.
Monday around 10:05 hours the share was 3.4% higher at EUR25,00, while the AEX fell by 0.8%.
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