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home / news releases / philips stock surges risk remains on respironics but

RYLPF - Philips Stock Surges: Risk Remains On Respironics But With Investment Potential

Koninklijke Philips NV

2024-06-28 11:25:08 ET

Summary

  • Koninklijke Philips N.V. stock was upgraded from sell to hold in April 2023, jumping 28% due to a settlement regarding apnea devices.
  • Despite a €982 million settlement provision for Respironics, adjusted operating income showed improvement in Q1 2024.
  • Philips aims for 3-5% sales growth and 11-11.5% EBITDA margin in 2024, with potential significant upside for 2025.

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Philips Stock Surges: Risk Remains On Respironics, But With Investment Potential
Stock Information
Company Name: Koninklijke Philips NV
Stock Symbol: RYLPF
Market: OTC
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