Philips reports Q2 adjusted EBITA of €495M, 11.1% EBITA margin, and maintains 2024 financial targets.
Philips reported a higher-than-expected Q2 adjusted EBITA of €495M ($537.4M), an EBITA margin increase to 11.1% of sales and maintained its financial targets for 2024. Q2 net income rose to €452M, up from €74M in 2021. Despite flat group sales, comparable sales grew by 2% and comparable order intake increased by 9%. The company faces ongoing legal proceedings, but remains confident in delivering its 2025 plan.
July 29, 2024
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