(Reuters) -Philips reported second-quarter results that beat analysts' expectations on Monday, boosted by higher earnings and the implementation of its restructuring program.

The Dutch-based medical devise maker's adjusted earnings before interest, tax and amortisation (EBITA) reached 495 million euros ($537.4 million), beating the 433 million euros expected by analysts in a company-compiled poll.

Adjusted EBITA margin rose to 11.1% of sales, compared with 10.1% in the same period last year.

"We achieved strong margin improvement, supported by our productivity program, solid operational cashflow due to improved working capital management and comparable sales growth in line with our plan," said CEO Roy Jakobs in a statement.

The group reiterated its financial targets for the rest of the year.

($1 = 0.9211 euros)