Philips profit beats estimates with uptick in demand


The Dutch maker of diagnostic gear and toothbrushes reported a 32% jump in earnings before interest, taxes and amortisation to €769mil (US$900mil) in the third quarter, it said yesterday.

AMSTERDAM: Royal Philips NV reported profit that beat analysts’ estimates, saying the lingering impact of the coronavirus and changes in the way health-care is delivered will boost demand for its medical gear in coming years.

The Dutch maker of diagnostic gear and toothbrushes reported a 32% jump in earnings before interest, taxes and amortisation to €769mil (US$900mil) in the third quarter, it said yesterday.

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