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Philips cuts profit, sees $300M impact from tariffs
Philips affirmed its 2025 sales guidance but cut profit in anticipation of a $280 million to $340 million impact from tariffs, CEO Roy Jakobs said Tuesday. The new estimated profit margin for the year is between 10.8% and 11.3%, compared to previous guidance of between 11.8% and 12.3%.
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Philips braces for potential $340m hit from Trump’s tariffsThe company slashed its 2025 earnings forecast due to the ongoing financial fallout from the US-China tariffs.
Roy Jakobs, CEO of Philips, discusses the efforts the Dutch health technology firm is taking to mitigate the tariff impact ...
(Reuters) -Dutch healthcare technology company Philips expects a net impact from tariffs of between 250 and 300 million euros ...
I've been using the Philips Norelco OneBlade 360 Pro and its predecessors for years now, and to this day, I still haven't ...
Healthcare giant Philips expects Donald Trump’s tariff regime to cost it up to €300 million in lost revenue in the next year.
I got a chance to check it out at a preview event, and I was intrigued. (Unfortunately, I was also clean-shaven, so while I ...
Q1 2025 Earnings Call Transcript May 6, 2025 Koninklijke Philips N.V. beats earnings expectations. Reported EPS is $0.27, ...
The Hue Bridge is getting updated to software version 197018801, which Philips Hue says will include general performance and ...
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