Corrections & AmplificationsThis article was corrected at 0547 GMT to reflect the proper term of Ebita. By Ian WalkerRoyal Philips raised its full-year guidance after swinging to net profit for the third quarter of the year on higher sales, with growth in all segments and geographies. The Dutch health-technology company said Monday that it now expects to report a 6% to 7% rise in comparable sales this year compared with previous guidance for mid-single-digit comparable growth. Adjusted earnings before interest, taxes and amortization margin is seen at 10% to 11% compared with previous guidance at the upper end of the high-single-digit range for 2023. Write to Ian Walker at ian.walker@wsj.com

Source: Wall Street Journal October 23, 2023 06:45 UTC