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Philips delivers Q1 sales of EUR 3.8 billion, with 9% comparable sales growth; net income amounts to EUR 40 million and Adjusted EBITA margin improves 390 basis points to 9.5% | Comunicados | Edición USA


April 26, 2021
First-quarter highlights
Following the agreement to sell the Domestic Appliances business to global investment firm Hillhouse Capital, this business is reported as a discontinued operation as of Q1 2021. Consequently, sales and results from the Domestic Appliances business are no longer included in the results of continuing operations.
Group sales amounted to EUR 3.8 billion, with 9% comparable sales growth
Comparable order intake decreased 5%, with double-digit growth in the Diagnosis & Treatment businesses and a double-digit decline in the Connected Care businesses on the back of 80% growth in Q1 2020
Income from continuing operations was a loss of EUR 34 million. Excluding the impact of a provision related to precautionary actions to address a component quality issue, income from continuing operations improved by EUR 139 million year-on-year. Income from continuing operations was EUR 17 million in Q1 2020. ....

United States , Steve Klink , Philips Oneblade , Frans Van Houten , Philips Group , Domestic Appliances Under International Financial Reporting Standards , Philips Global Press Office , Domestic Appliances , Hillhouse Capital , Connected Care , Royal Philips , Personal Health , Capsule Technologies , Diagnostic Imaging , Hospital Patient , Personal Care , North America , Image Guided Therapy Devices , Cone Beam , Clarifeye Augmented Reality Surgical Navigation , Precise Suite , Try Buy , Medical Tablet , International Financial Reporting Standards , Philips Investor Relations , Risks Associated With The Use ,

Philips Incisive CT Scanner, Netherlands


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The Incisive CT scanner is a computed tomography (CT) system developed by Netherlands-based health technology solutions company Royal Philips. Credit: Royal Philips.
Philips’ OnPlan patient-side gantry controls offer simplified and intuitive workflow for the technician. Credit: Royal Philips.
The Incisive CT helps healthcare providers to manage operational costs to meet financial goals. Credit: Royal Philips.
The Incisive CT scanner is a computed tomography (CT) system developed by Netherlands-based health technology solutions provider Royal Philips. The device combines operator and design efficiencies to enable smart clinical decision-making.
The device reconstructs X-ray transmission data captured at different angles and planes to produce images of the head and body. The scanner helps diagnostic imaging healthcare organisations and imaging departments to meet their financial, clinical and operational objectiv ....

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