Philips posts flat sales but net income increase in Q2
AuntMinnie
JULY 29, 2024
Philips posted flat sales for the second quarter of 2024 but higher net income. For the period (end-June 30), the company reported revenues of 4.5 billion euros ($4.9 billion U.S.), the same amount as the second quarter of 2023. Nominal sales growth was 0%, compared with 7% in 2023, and comparable sales growth was 2%, compared with 9% last year. The company posted net income of 452 million euros ($4.8 billion), compared with net income of 74 million euros ($80 million), in the second quarter of
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