Actionable news
0
All posts from Actionable news
Actionable news in PHG: KONINKLIJKE PHILIPS N.V.,

UPDATE 1-Philips reports Q2 profit growth with strong order intake

(Adds sales, CEO comment)

By Bart H. Meijer

AMSTERDAM, July 24 (Reuters) - Dutch health technology company Philips said its core profit in the second quarter rose 15 percent to 439 million euros ($512.31 million), helped by strong sales of consumer personal care products.

The Amsterdam-based company, which spun off its lighting division last year to focus on medical devices and healthcare product, said sales grew 4 percent to 4.3 billion euro, adding that its order intake was "strong".

Analysts polled by Reuters had predicted average adjusted earnings before interest, taxes, and amortisation (EBITA) of 438 million euros, with like-for-like sales growth of 4 percent.

"Philips' performance in the...


More