Dutch health tech company Philips says will return to growth in second half

  • 📰 Reuters
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Dutch health technology company Philips said on Monday it expected to return to growth in the second half of the year, if hospitals and consumers were able to gradually overcome the first shock of the coronavirus pandemic.

FILE PHOTO: Dutch technology company Philips. logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier

The firm, which makes products ranging from electric toothbrushes to medical imaging systems, said comparable sales dropped 6% in the second quarter, to 4.4 billion euros , as the global spread of COVID-19 hit demand for its consumer products and caused hospitals to delay the installation of new equipment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Health tech? :) Apparently consumer electronics is not profitable anymore...

pump

... pescara-philips..

Ventilators keep up the Budget

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines