Philips Shares Rise as Third-Quarter Profitability Improves
Philips reported stronger third-quarter profitability, driven by robust sales across its business. Its adjusted EBITDA margin rose by 0.7 percentage point.
By Aimee LookShares in Royal Philips rose after the Dutch health-technology company reported stronger profitability in the third quarter, driven by robust sales across the business.Philips said its margin for adjusted earnings before interest, taxes, and amortization rose by 0.7 percentage point on…