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    PHIA   NL0000009538

PHILIPS NV

(PHIA)
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Philips 3Q Net Profit Rose Significantly But Sales Missed Market Views

10/17/2021 | 11:31pm EST

By Sabela Ojea

Koninklijke Philips NV reported on Monday a significant rise in net profit for the third quarter but suffered a decline in sales for the period, which also missed market views.

The Dutch medical-technology group posted a net profit from continuing operations of 2.98 billion euros ($3.46 billion) compared with EUR340 million for the same period a year earlier. It was expected to decline to EUR236 million, taken from the company's compiled consensus.

The company's net profit result was mainly driven by the sale of its Domestic Appliances business, it noted.

Quarterly sales decreased to EUR4.16 billion from EUR4.98 billion for the year earlier period, when they were expected to reach EUR4.18 billion, according to the company's compiled consensus.

Comparable sales fell 7.6%, Philips said.

Adjusted earnings before interest, taxes and amortization margin for the third quarter was 12.3%, the company said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

10-18-21 0131ET

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Financials
Sales 2021 17 535 M 19 838 M 19 838 M
Net income 2021 3 567 M 4 035 M 4 035 M
Net Debt 2021 4 199 M 4 751 M 4 751 M
P/E ratio 2021 6,88x
Yield 2021 3,01%
Capitalization 27 100 M 30 591 M 30 658 M
EV / Sales 2021 1,78x
EV / Sales 2022 1,66x
Nbr of Employees 77 084
Free-Float 99,4%
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Technical analysis trends PHILIPS NV
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 30,20 €
Average target price 45,15 €
Spread / Average Target 49,5%
EPS Revisions
Managers and Directors
Frans van Houten Chief Executive Officer
Abhijit Bhattacharya Chief Financial Officer & Executive Vice President
Feike Sijbesma Chairman-Supervisory Board
Jan Kimpen Chief Medical Officer
Sophie Bechu Chief Operating Officer & Executive Vice President
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