Dutch health tech company Philips raises outlook as Q3 profit jumps

📆 23/10/2023 06:46:00
📰 SaltWire Network

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Cooking Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingshortsAMSTERDAM - Dutch health technology company Philips on Monday raised its full-year outlook as it beat analyst expectations with a more than doubling of third-quarter core profit to 457 million euros .

Analysts in a company-compiled poll on average had predicted adjusted earnings before interest, taxes and amortisation in July-September would rise to 389 million euros from 209 million euros the year before. Philips said it now expected 6% to 7% comparable sales growth over 2023, with a profit margin of 10%-11%.

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