Philips (NYSE:PHG): Q3 Non-GAAP EPS of €0.60 beats by €0.14; GAAP EPS of €0.37.

Revenue of €5B (+6.4% Y/Y) beats by €200M.

“Looking ahead, we continue to see uncertainty and volatility related to the impact of COVID-19 across the world, but our order book remains solid. For the full year 2020, we continue to expect to deliver modest comparable sales growth, with an Adjusted EBITA margin of around the level of last year,” commented Frans van Houten, CEO.

The company recorded a strong 10% comparable sales growth and Adjusted EBITA margin improved 300 bps to 15.4%.

Shares +3% in Amsterdam.

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