Philips (PHG) Soars to 52-Week High on Strong Earnings, Upbeat Outlook

PHG -2.06% RYLPF +13.17%

We recently published 10 Stocks Delivering Massive Returns. Koninklijke Philips NV (NYSE:PHG) was one of the best performers on Tuesday.

Philips soared to a new 52-week high on Tuesday, as investors cheered its strong earnings performance and upbeat business outlook over the next two years.

At intra-day trading, the stock soared to its highest price of $33.44 before trimming gains to finish the session just up by 11.11 percent at $32.91 apiece.

During its earnings call, Koninklijke Philips NV (NYSE:PHG) announced targets of growing its sales by 3 to 4.5 percent year-on-year, alongside an adjusted EBITDA margin of 12.5 percent to 13 percent, taking into account the current global tariff environment.

In the next two years, it plans to grow its comparable sales by mid-single digits CAGR, and also targets an adjusted EBITA margin to rise by mid-teens in 2028.

Last year, Koninklijke Philips NV (NYSE:PHG) swung to an 897 million euro net income from a $698 million euro net loss in 2024. Sales dipped by 17.8 billion euros from 18.02 billion euros year-on-year.

Copyright: nimon / 123RF Stock Photo

In the fourth quarter alone, net income stood at 397 million euros, reversing a 333 million euro net income in the same quarter a year earlier. Sales inched up by 1.2 percent to 5.1 billion euros from 5.04 billion euros year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.