Philips has posted its third-quarter results showing strong order intake, sales growth, and margin expansion, continuing the firm’s 2025 momentum.
Group sales for the quarter amounted to 4.3 billion euros ($4.9 billion), reflecting a 3% increase in comparable sales. Income from operations for the quarter was 330 million euros ($378.9 million). Operating cash flow was 327 million euros ($375.5 million), with free cash flow of 172 million euros ($197.5 million).
Comparable order intake grew 8% in the third quarter, supported by continued strong performance in North America. Comparable sales grew 3.3%, with growth in all segments; the company's Diagnosis & Treatment comparable sales grew 1.3%.
The firm said that disciplined cost management and robust productivity initiatives resulted in savings of 222 million euros ($254.9 million) over the quarter, and it is confident that it will achieve its three-year, 2.5 billion euro ($2.9 billion) productivity program goal, which includes 800 million euros ($918 million) in productivity savings in 2025.
