The medical technology company Philips has had a strong second quarter. The Eindhoven-based company saw revenue increase by 6 percent compared to the same quarter last year, Philips announced on Monday.
Revenues in the second quarter grew to 4.7 billion euros. That was 4.3 billion euros a year earlier. Turnover growth was higher than in the first quarter, when turnover grew by 4.5 percent.
“I am very satisfied with the revenue growth”, writes Philips CEO Frans Van Houten. He speaks of broad growth, to which all branches of Philips contributed.
The CEO saw the profit margin improve by 0.6 percentage points in the second quarter, which amounted to 11.8 percent. The number of orders increased by 8 percent.
CEO Van Houten expects growth to pick up even further in the second half of the year. The company maintains the expectation to achieve 4 to 6 percent organic revenue growth every year until 2020.
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