Philips says healthcare unit will grow

Electronics concern Philips expects the turnover in its medical division to grow faster in the coming two years, reports ANP news service.

Steve Rusckowski, who heads the company’s heathcare unit, told financial analysts at a meting on Friday that he expects sales to go up by between 6% and 8% in 2009 an 2010.
Rusckowski confirmed that the aim is for operational profit margins to be between 15% and 17% in two years time.

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