Philips expects profits

Philips made profits again in the fourth quarter of 2013, after a loss in the same quarter of the previous year.

Analysts are expecting an average of 0.53 Euro of earnings per share. In the last quarter of 2012, they experienced a loss per share of 0.39 Euro, mainly due to a European cartel fine, reports De Financiële Telegraaf.

ING noticed several reasons Philips could surprise in a positive way. One of the reasons is that demand for LED lighting products will increase since they have become more affordable. Another reason is that changes in healthcare will boost home care solutions in the future. The company is holding a strong market share in home healthcare business.

Philips’ quarterly reports will be published tomorrow morning, before the stock exchange opens.

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