Philips: Model update to reflect the latest company commentary heading into Q2

Research evidence excerpt

Philips: Model update to reflect the latest company commentary heading into Q2

oduct, taking into account the

specific investment objectives, financial situation or particular needs of any recipient of the recommendation, before the recipient

makes a commitment to purchase the investment product.

The analysis contained herein is based on numerous assumptions. Different assumptions could result in materially different

results. The information in this report does not constitute, or form part of, any offer to sell or issue, or any offer to purchase or

subscribe for shares, or to induce engagement in any other investment activity. The value of any securities or financial instruments

mentioned in this report may fluctuate subject to market conditions. Information about past performance of an investment is

not necessarily a guide to, indicative of, or assurance of future performance. Estimates of future performance mentioned by

the research analyst in this report are based on assumptions that may not be realized due to unforeseen factors like market

volatility/fluctuation. In relation to securities or financial instruments denominated in a foreign currency other than the clients’

home currency, movements in exchange rates will have an effect on the value, either favorable or unfavorable. Before acting on any

recommendations in this report, recipients should consider the appropriateness of investing in the subject securities or financial

instruments mentioned in this report and, if necessary, seek independent professional advice.

The securities described herein may not be eligible for sale in all jurisdictions or to certain categories of investors where that

permission profile is not consistent with the licenses held by the entities noted herein.