Philips delivers strong order intake growth in the second quarter, margin improvement and sales growth; reiterates full-year outlook
PHGPhilips(PHG) GlobeNewswire News Room·2024-07-29 13:00

July 29, 2024 Second-quarter highlights Group sales amounted to EUR 4.5 billion, with comparable sales growth of 2%Comparable order intake increased by 9%Income from operations EUR 816 million, including EUR 538 million insurance income*)Adjusted EBITA margin increased to 11.1% of salesOperating cash inflow of EUR 89 million, with a free cash outflow of EUR 64 million  Roy Jakobs, CEO of Royal Philips:“I am encouraged by our return to order intake growth this quarter, primarily driven by North America. Wit ...