Philips CEO Expects Operational Improvements to Continue
Royal Philips NV, the Dutch health-care equipment maker, reported second-quarter profit that rose more than expected on cost savings and said earnings will improve in the second half of the year. Adjusted earnings before interest, taxes and amortization rose 8.6 percent to 544 million euros ($596 million), the Amsterdam-based company said in a statement Monday. That beat the 519-million-euro average estimate of analysts surveyed by Bloomberg. The company kept its full-year outlook. Chief Executive Officer Frans van Houten Chief Executive Officer Frans van Houten discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."