Royal Philips reports Q3 2024 EBITA margin increase to 11.8%, despite flat sales due to China demand decline.

Royal Philips reported a significant rise in its Adjusted EBITA margin, increasing from 10.2% to 11.8% in Q3 2024. However, comparable sales remained flat due to a sharp decline in demand in China. Despite this, the company experienced growth in other regions, particularly the U.S. Philips has revised its full-year sales growth outlook to 0.5%-1.5% and anticipates free cash flow of around EUR 0.9 billion. The company remains committed to its three-year operational improvement plan.

October 28, 2024
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