Philips Reaffirms FY24 Outlook with Q2 Earnings Report

Monday, 29 July 2024, 06:00

Philips (PHG) announced its Q2 earnings, reporting a Non-GAAP EPS of €0.30 and a revenue of €4.5 billion, reflecting a year-over-year increase of 0.7%. The company's performance demonstrated a comparable sales growth of 2% and a stable order intake. As a sign of confidence in its future, Philips has reaffirmed its financial outlook for FY24, indicating continued operational stability.

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Philips Q2 Earnings Overview

Philips (PHG) has announced its Q2 earnings report, which highlights significant performance metrics:

Non-GAAP EPS: €0.30
Revenue: €4.5B (up 0.7% Year-over-Year)
Comparable Sales Growth: 2%

Financial Outlook for FY24

The company has reaffirmed its FY24 outlook, indicating optimism for continued growth and stable operations moving forward.

In conclusion, Philips’ Q2 performance reflects resilience in the current market landscape, setting a positive tone as the organization aims to meet its fiscal objectives.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Philips Q2 Earnings Overview

Financial Outlook for FY24

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