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, reflecting a 3% increase in comparable sales. Income from operations for the quarter was €330 million. Operating cash flow was €327 million, with free cash flow of €172 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 over the quarter, and it is confident that it will achieve its three-year, €2.5 billion productivity program goal, which includes €800 million in productivity savings in 2025.
