Philips (PHG) Q2 Earnings Rise, Revenues Fall Year Over Year

Diagnosis & Treatment's adjusted EBITA margin expanded 160 bps on a year-over-year basis to 12.2%, primarily driven by improved sales, pricing and productivity measures. Connected Care's adjusted EBITA margin was 8.8% in the reported quarter, which expanded 130 bps on a yearover-year basis. Operating cash inflow was €89 million against the year-ago quarter's operating cash flow of €135 million. Further, adjusted EBITA margin is expected in the band of 11-11.5%. Some better-ranked stocks in the broader medic ...