Home 190723 Philips | FY19 adjusted EBITA-margin projection too upbeat?
190723 Philips | FY19 adjusted EBITA-margin projection too upbeat?

190723 Philips | FY19 adjusted EBITA-margin projection too upbeat?

No. pages 7
Description

During the 2Q19 conference call CFO Abhijit Bhattacharya stated that the company expects to achieve an adjusted EBITA-margin shy of 14%.

In this report we will run three scenarios to see what the adjusted EBITA-margin performance of the three core divisions needs to be to achieve the 'shy of 14%' adjusted EBITA-margin target for this year. We will determine the required profitability of the combined performance of the three divisions to achieve a profitability of 13.5%, 13.7% and 13.9% respectively, which is roughly in line with the 'shy of 14%' target.

We will conclude our note with our conclusions and investment opinion.

Content
1 introduction
2 19FY adjusted EBITA-margin shy of 14%
3 three scenarios
4 conclusions
Created Date: Tuesday July 23, 2019 12:27:47
Last Updated Date: Tuesday July 23, 2019 12:27:47
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