For the second quarter (end-June 30), Philips posted sales of 2.36 billion euros ($3.12 billion U.S.), flat on a comparable currency-adjusted basis and down 2% nominally from the 2.41 billion euros ($3.18 billion U.S.) reported in the same period of 2012. Growth in Philips' Customer Services, Patient Care and Clinical Informatics, and Home Healthcare Solutions groups were offset by a decline in its Imaging Systems unit due to soft order intake in the previous quarters.
Philips had earnings before interest, taxes, and amortization (EBITA) of 420 million euros ($554 million U.S.), compared with 308 million euros ($406 million U.S.) in the second quarter of 2012.
Comparable sales in growth geographies increased by 10% year-on-year, driven by strong growth in China and Latin America. Sales in mature geographies declined by 3%, with North America and Western Europe dipping by midsingle digits and low-single digits, respectively.
In positive developments, healthcare equipment order intake increased by 7% on a comparable basis. Patient Care and Clinical Informatics had double-digit growth, while Imaging Systems had low-single-digit growth.
On a geographical basis, equipment orders in North America increased in the low single digits, while orders in growth geographies surged by 19%. A low-single-digit decline was experienced in equipment orders from Western Europe.If you like this content, please share it with a colleague!
Copyright © 2013 AuntMinnie.com