EARNINGS PREVIEW: Philips 1Q Net Profit Seen Down 29%
17 April 2014 - 9:24PM
Dow Jones News
Royal Philips NV (PHG): 1Q Earnings
Due: April 22 at 0500 GMT
Factset survey of 8 Analysts
Average Revenues: EUR5.20B, down 1% (EUR5.26B in 1Q 2013)
Average EBIT: EUR279M, down 8.5% (EUR305M in 1Q 2013)
Average Net Profit: EUR114M, down 29% (EUR161M 1Q 2013)
Note: Results are under pressure from the impact of foreign
exchange rates and the temporary shutdown of a healthcare
production facility in Cleveland, Ohio. Philips has said this will
have a negative impact of EUR60 million to EUR70 million on EBITA
during the first half of 2014. Analysts will focus on statements
about the outlook for the rest of the year, order intake at the
healthcare business and growth trends in emerging markets. At its
annual results Philips said it expected a slow start of the year in
which it will make modest progress towards achieving its 2016
financial targets. (robin.vandaalen@wsj.com)
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