Philips N.V. revealed on Monday that its sales amounted to €3.8 billion in the first quarter of fiscal 2021, marking a 4% increase compared to the same period a year ago.
The company's net income came in at €40 million in the first trimester, which represents a 2.6% rise year-over-year. The company's diluted loss per share from continuing operations stood at €0.04, while loss from operations stood at €34 million, compared to income of €17 million a year prior.
"Despite the ongoing impact of COVID-19, our performance gained momentum with a strong 9% comparable sales growth and profitability improvement in the first quarter, with all business segments and markets contributing. We are encouraged by the strong 11% comparable order intake growth for the Diagnosis & Treatment businesses, and the strengthening performance of the Personal Health businesses," CEO Frans van Houten (pictured right) said in the press release.
