Philips achieved a turnover of 4.3 billion euros in the second quarter of this year. The fact that the company has made more profit can not be seen directly in revenue figures. These are the first quarterly figures in which the almost completely sold Philips Lighting no longer counts. The comparable revenue grew by 4% compared to last year. The company made a profit of 161 million euros in the past quarter, relative to a comparable profit of 118 million euros last year.

CEO Frans van Houten tells about the results: “Philips has achieved solid results in the second quarter of 2017. The order intake was strongly increased by 8%. We are on track to realize our goals of 4-6% growth in last year's comparable revenue.”

The concern is now focusing on technologies in the field of health care. Especially with activities in the field of Personal Health, Philips achieved good results, a comparable revenue growth of 6%. In addition, it has taken over the American start-up CardioProlific and the company Spectranetics, both companies focus on vascular disease. The company will also release one and a half billion euros in the coming quarter for a share repurchase program.

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Author profile picture Frans van Beveren leads IO on a daily basis. He is fascinated by everything related to technical progress, innovation, sustainability, and industrial design.