Koninklijke Philips NV
PHIA: XAMS (NLD)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Nx | LOCK|&N | LOCK|TJM |
Philips Earnings: Moving Beyond Calamity
Narrow-moat Philips delivered good operating results, with comparable sales growth up by 2% and the order intake up by 9%. Most importantly, this is the first quarter not dominated by the uncertainty around sleepcare. Philips reiterated its 2024 revenue growth guidance of 3%-5%. We're updating our model to incorporate the latest results.
