comparemela.com

(Reuters) -Dutch health technology company Philips on Monday modestly increased its full-year targets after beating quarterly earnings expectations but expressed concern over China's drive to become self-sufficient in health-related technologies. The Amsterdam-based group, a former industrial conglomerate that now focuses on medical technology, reported adjusted earnings before interest, taxes and amortisation (EBITA) of 453 million euros ($503.78 million) for the April-June period, above the 394 million euros seen in a company-compiled poll. For the full year, the group expects comparable sales growth in the mid-single digits versus previous guidance of low-single-digit growth while its adjusted EBITA margin is now seen at the upper end of the previously forecast high-single-digit range.

Related Keywords

Netherlands ,Amsterdam ,Noord Holland ,Dutch ,Philips Respironics ,Kirsti Knolle ,Roy Jakobs ,Respironics ,Reuters ,Us Department Of Justice ,Philips ,Executive Roy Jakobs ,

© 2025 Vimarsana

comparemela.com © 2020. All Rights Reserved.