Comparable group sales rose 2% to 4.5 billion euros ($4.88 billion), as demand in North America held strong, even as China sales dipped.
Shares of Dutch device maker Philips jumped more than 10.5% in early deals Monday after the company reported better-than-expected second-quarter earnings.
CEO Roy Jakobs told CNBC that he was encouraged by the "robust" second-quarter results, adding that he had "strong confidence" that the company would meet its full-year guidance of comparable sales growth of 3-5%.
The company reported a number of cost savings over the period, including productivity savings of 195 million euros across operating model savings of 57 million euros, procurement savings of 71 million euros, and other programs' savings of 67 million euros.
Jakobs said the settlement brings "finality" to the U.S. case, and will allow the company to return its focus to innovation.
Persons:
Philips, Roy Jakobs, Jakobs
Organizations:
CNBC, Philips, Reuters, U.S
Locations:
North America, China, London