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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%.
Roy Jakobs, CEO of Philips, discusses the efforts the Dutch health technology firm is taking to mitigate the tariff impact ...
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Philips turns in a profit but China, tariffs weighDutch medical device maker Philips reported a net profit for the first time in three quarters Tuesday despite weak sales in ...
Healthcare giant Philips expects Donald Trump’s tariff regime to cost it up to €300 million in lost revenue in the next year.
I've been using the Philips Norelco OneBlade 360 Pro and its predecessors for years now, and to this day, I still haven't ...
We’re talking about the Hue Play HDMI Sync Box 4K and the Hue Bridge, which are two absolute must-haves in any serious Hue ...
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 ...
AMSTERDAM (AP) — AMSTERDAM (AP) — Koninklijke Philips NV (PHG) on Tuesday reported earnings of $79.9 million in its first quarter. The Amsterdam-based company said it had profit of 8 cents per share.
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