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Philips Q3 net income grew

Christian Fernsby ▼ | October 19, 2020
Philips Electronics reported Monday that its third quarter net income grew to 340 million euros from 208 million euros last year.
Philips   Third quarter net income grew to 340 million euros
Adjusted EBITA margin improved 300 basis points to 15.4 percent.

Topics: Philips

Philips delivered third-quarter sales of 4.98 billion euros, up 6 percent from last year's 4.70 billion euros. On a comparable basis, sales increased 10 percent.

Comparable order intake, meanwhile, declined 18 percent on a reported basis, but grew 3 percent excluding the partial termination of the ventilator contract with HHS.