Dutch health technology company Philips said on Monday it expected to return to growth in the second half of the year, if hospitals and consumers were able to gradually overcome the first shock of the coronavirus pandemic.
FILE PHOTO: Dutch technology company Philips. logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier
The firm, which makes products ranging from electric toothbrushes to medical imaging systems, said comparable sales dropped 6% in the second quarter, to 4.4 billion euros , as the global spread of COVID-19 hit demand for its consumer products and caused hospitals to delay the installation of new equipment.
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