Philips Sees Growing Demand for E-Toothbrushes
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Royal Philips NV signaled orders are growing at a double-digit percentage rate for some products like electric toothbrushes and image-guided therapy used in operations, helping first-quarter earnings meet analysts’ estimates.
The maker of body scanners, imaging products and respiratory gear stepped up launches and increased marketing to counter weaker consumer confidence in markets like China. It reported first-quarter adjusted earnings before interest, taxes and amortization increased 5.8 percent to 364 million euros ($405.6 million). Analysts predicted 358 million euros.