Philips recently announced its first quarter 2012 earnings. Health care comparable sales were 9% higher year-on-year, with growth of 27% in growth geographies.
Comparable equipment order intake grew 7% year-on-year, with the strongest contribution from patient care and clinical informatics. The earnings before interest, taxes, and amortization margin for the quarter was 10.2%.
“I am encouraged by our results in the first quarter of 2012, which is a further step in the right direction for Philips on our path to value to achieve the mid-term 2013 financial targets,” said Frans van Houten, CEO of Royal Philips Electronics. “Health care sales and order intake showed robust growth. We remain cautious about the remainder of 2012 given the uncertainties in Europe, particularly in the health care and construction markets, and the slowing growth rate in the global economy.”
