After preliminary figures reported a few days ago, Philips today released its full Q3 results. While both endogenous and exogenous headwinds continue to impact operations, the new CEO has revealed various steps, including the decision to lay-off 4k employees. Now all eyes are on how effectively and when these measures are implemented. Despite the underlying turnaround potential (reflecting in a material upside), considering an uncertain near term – also a sector-wide challenge, our estimates are ....
24 Oct 2022
Remedial measures unveiled, but a long way to go
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Remedial measures unveiled, but a long way to go
After preliminary figures reported a few days ago, Philips today released its full Q3 results. While both endogenous and exogenous headwinds continue to impact operations, the new CEO has revealed various steps, including the decision to lay-off 4k employees. Now all eyes are on how effectively and when these measures are implemented. Despite the underlying turnaround potential (reflecting in a material upside), considering an uncertain near term – also a sector-wide challenge, our estimates are ....