Philips Q3 Profit Plunges; Adjusted EBITDA Rises, FY26 Outlook Backed
Philips said third-quarter profit fell sharply, mainly due to a Respironics DOJ settlement provision. Adjusted EBITDA grew with higher sales, and comparable order intake was higher than last year.
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06:52:52 AM UTC
SquawkNews
(06:00 GMT) *Philips 3Q Comparable Order Intake Increased by 8% (06:01 GMT) *Philips 3Q Sales EUR4.4B (06:02 GMT) *Philips 3Q Comparable Sales Growth 3% (06:03 GMT) *Philips 3Q Income From Operations EUR165M (06:05 GMT) *Philips 3Q Net Pft EUR27M (06:05 GMT) *Analysts Saw Philips 3Q Sales EUR4.41B…
AMSTERDAM (dpa-AFX) - Dutch consumer electronics giant Koninklijke Philips N.V. (PHGFF.PK, PHG) reported Tuesday sharply lower profit in its third quarter, mainly hurt by Respironics DOJ settlement provision, while Adjusted EBITDA grew with higher sales. Comparable order intake was higher than last…