Philips Quarterly Sales Up 3% on Strong Medical Equipment Performance

In its latest financial update, Koninklijke Philips N.V. (also known simply as Philips) reported that its third-quarter sales rose by approximately 3% year-on-year, driven by robust performance in its medical equipment and health-technology segments. The solid numbers highlight the company’s ability to navigate a challenging macro-environment, while continuing the transition toward higher-value healthcare products.