Technology company Philips reported a strong increase in both sales and profits during the fourth quarter, as the company moves its focus to healthcare technology products.

The group reported fourth quarter sales of 5.3 billion euros with a 5 percent comparable sales growth. Net income from continuing operations hit 476 million euros and its comparable order intake increased 6 percent on 2016.

Annual profits at the group rose by a quarter to 1.87 billion euros, with the group’s new focus on healthcare products including electric toothbrushes and razors proving to be a success.

Chief executive Frans van Houten said the integration of acquisitions from across the “health continuum” is on track, adding that its “revolutionary hybrid styler” OneBlade has generated over 100 million euros in the last 18 months.