Philips Healthcare sales climb in Q3

Oct 17, 2010

Higher sales in most of its businesses contributed to a 4% increase in comparable sales for Philips Healthcare in its third quarter.

For the period (end-September 30), the Andover, MA-based vendor had comparable sales of 2.1 billion euros ($2.9 billion U.S.), compared with the 1.8 billion euros ($2.5 billion U.S.) reported in the third quarter of 2009.

Philips had third-quarter earnings before interest, taxation, and amortization (EBITA) of 282 million euros ($392.4 million U.S.), up from EBITA of 175 million euros ($243.5 million U.S.) in the same quarter last year.

Higher sales were produced by Philips' home healthcare solutions and patient care and clinical informatics units. On a regional basis, North American comparable sales were broadly in line with the third quarter of 2009, while markets outside of North America were up 7%, Philips said. The company also noted that key emerging markets turned in double-digit growth in comparable sales.

In other positive developments, currency-comparable equipment order intake climbed 7%, including notable improvements in the firm's imaging systems division. North American equipment orders climbed 11%, while order intake outside of North America was 2% higher (including 20% equipment order growth in emerging markets), Philips said.

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