Philips (NYSE: PHG) reported Q2 EPS of EUR0.30, EUR0.06 worse than the analyst estimate of EUR0.36. Revenue for the quarter came in at EUR4.5 billion versus the consensus estimate of EUR4.79 billion.

OUTLOOK

Philips reiterates its confidence in delivering the 2025 plan, acknowledging that uncertainties remain. For the full year 2024, Philips continues to expect 3-5% comparable sales growth, an Adjusted EBITA margin of 11-11.5%, and free cash flow of EUR 0.9-1.1 billion.

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