Solid growth in its customer services, home healthcare solutions, clinical care systems, and patient monitoring units helped Philips Healthcare to a 3% sales gain on a comparable basis in its second quarter.
For the period (end-June 30), the Andover, MA-based firm had sales of 1.8 billion euros ($2.83 billion U.S.), up 11% on a nominal basis from 1.625 billion euros ($2.55 billion U.S.) in revenues a year ago.
The firm had earnings before interest, taxes, and amortization (EBITA) of 195 million euros ($306.5 million U.S.), down from 218 million euros ($342.7 million U.S.) a year ago. The company incurred acquisition- and integration-related charges of 35 million euros ($55 million U.S.) during the quarter.
Philips said that its imaging systems unit turned in modest growth; strong gains in MRI and nuclear medicine more than offset a decline in CT, according to the firm. The dip in CT was due to a lower-value product mix, partly in anticipation of commercial delivery of its new Brilliance iCT scanner later this year, Philips said.
Philips said that higher earnings were turned in by its home healthcare solutions, healthcare informatics, and clinical care systems units.
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