European stocks closed mixed Monday afternoon as investors digested a fresh batch of corporate results.

The pan-European Stoxx 600 closed provisionally flat, with sectors and bourses trading in opposite directions.

In corporate news, Dutch health technology company Philips surged to the top of the index after a stronger-than-anticipated 6% rise in comparable sales for the second quarter. The company cited robust demand for its hospital equipment in China and the U.S. during the three-month period. Shares jumped over 5% on the news.

Source: CNBC