Philips Non-GAAP EPS of €0.33, revenue of €4.47B; raises FY23 outlook

“Based on our improved performance, we are further raising the outlook for both sales and profitability for the full year 2023, although recognizing uncertainties remain in an increasingly volatile geopolitical environment. The progress we are making reinforces our confidence in delivering on the three-year plan to create value with sustainable impact,” said CEO Roy Jakobs.