Partly due to the increased demand for respiratory equipment, Philips saw its sales increase significantly in the past quarter, by 7 percent to 6 billion euros.
This is evident from figures published by the company, which nowadays mainly focuses on the medical sector, published on Monday.
The Connected Care division, which includes respirators, posted a 17 percent increase in sales in the last quarter of last year.
This department also includes devices for monitoring patients.
Growth in the fourth quarter was less than in the rest of the year.
Over the whole of 2020, this division posted a sales plus of no less than 20 percent.
For this year, the company expects to sell fewer of these devices.
For the full year, sales at Philips amounted to 19.5 billion euros, which represents a growth of 3 percent.
While more monitors and respirators were sold, the company was able to sell less in the Personal Health division.
This includes care products for the home, for example for a better night's sleep.
Philips reports that it also expects uncertainty for this year, due to the pandemic.
The company does, however, expect turnover to grow by a few percent in 2021, despite a decline in the Connected Care division.