Philips second-quarter sales growth beats expectations

FILE PHOTO: Dutch technology company Philips’ logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File Photo

AMSTERDAM (Reuters) – Dutch health technology company Philips (PHG.AS) on Monday reported a better-than-expected 6% rise in comparable sales for the second quarter, to 4.67 billion euros ($5.24 billion).

Analysts polled by the company had seen adjusted sales growth of 4.5%, compared with a 4% increase in the same period last year. Adjusted earnings before interest, taxes and amortization (EBITA) increased 14% to 549 million euros, meeting expectations.

Reporting by Bart Meijer; editing by Uttaresh.V

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