Dutch healthcare technology company Philips (PHG.AS has cut its profit margin forecast for 2025, citing a net impact from tariffs of between 250 and 300 million euros ($283 million-$340 million) despite “substantial tariff mitigations”.
Its Amsterdam-listed shares fell as much as 4 per cent in early Tuesday trading.
The United States is Philips’ largest market, accounting for about 40 per cent of its projected 2024 sales and one-third of its
