July 20, 2020 – Electrical equipment maker Philips (Amsterdam) has said a recent surge in orders for scanners and other medical equipment should enable group sales and margins to rebound during the next six months.
Philips’ core earnings fell by almost a quarter from April to June as sales dropped 6% because of the coronavirus. Those results were better than expected, however.
Philips said the coronavirus spurred a 27% increase in new orders as hospitals rushed to purchase CT scanners, ventilators and monitoring equipment.