in gezondheidszorgtechnologie specialized group sold more products that help people to live healthier lives.
Philips reported Monday sales of 5.9 billion euros over the third quarter. That was 1 percent more than a year earlier. For non-recurring items adjusted operating profit (ebita) rose 14 percent to 649 million euros. The net profit came to eur 383 million, more than 18 percent higher than in the third quarter of 2015.
Chairman of the board Frans van Houten reiterated the expectation that the results in the last three months of this year will further improve. The vulnerability of many markets in which Philips is active, it remains, according to him, however, worrisome.
Wooden spoke further of a “healthy” flow of orders in the last quarter, with a “solid” sales growth and margins.
main risks
The biggest risks to see Philips is currently in Europe, said Wooden in a note. It plays the uncertainty surrounding the departure of the British from the EU and about the outcome of upcoming elections, the market mix.
In China, which last year still the problem child of the group, running the business now prosper. Also in the USA, go to the Philips for the wind and Of Wood does not expect the upcoming presidential elections there was a change in will. With strong growth in China and the U.S., Philips is able to “fluctuations” in Europe to catch, according to the ceo.
Philips divested earlier this year verlichtingstak and focuses since then on the healthcare sector. That makes the company both with hospital equipment as well as with devices for personal use (Personal Health).
in Addition, the concern for the exchange of information between doctors and patients via internet-connected devices and software services (Connected Care).
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