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Stock Market & Financial Investment News

News For PHG From The Last 14 Days
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January 29, 2015
10:00 EDTPHGOn The Fly: Analyst Downgrade Summary
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05:37 EDTPHGPhilips downgraded to Hold from Buy at Deutsche Bank
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January 28, 2015
09:59 EDTPHGOn The Fly: Analyst Downgrade Summary
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09:15 EDTPHGOn The Fly: Pre-market Movers
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05:26 EDTPHGPhilips downgraded to Underweight from Equal Weight at Barclays
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January 27, 2015
08:57 EDTPHGPhilips says tracking 1 percentage point behind 2016 targets
Philips said: “Overall, 2014 was a setback in our performance trajectory. We have been taking clear actions to drive stronger operational performance across our businesses and expect sales growth and EBITA margin improvements in 2015 and beyond. However, looking ahead, we remain cautious regarding the macroeconomic outlook and expect ongoing volatility of some of our end-markets. We also anticipate further incidental costs in 2015 and 2016, mainly in relation to restructuring and the separation. Due to these factors, we are tracking 1 percentage point behind on the path to achieving each of our 2016 comparable sales growth, EBITA and ROIC Group targets. We are convinced that this does not change our longer-term performance potential, considering the attractiveness of the Lighting Solutions and HealthTech markets and our competitive position. Later this year, as we progress with the separation of Philips and reallocation of IG&S, we will update the market about the integral performance targets for each of the two operating companies.”
08:56 EDTPHGPhilips reports Q4 net income EUR 134M vs. EUR 412M last year
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