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Lower Demand In China Disrupts Philips Q1 Sales, Cuts 2025 Profitability Target On Potential Tariff Impact
TGTTarget(TGT) Benzinga·2025-05-07 01:35

Koninklijke Philips NV PHG reported first-quarter 2025 adjusted earnings per share of 26 cents (or 0.25 euros), beating the consensus of 20 cents.The Dutch healthcare technology group reported quarterly sales of 4.31billion(4.09billioneuros),beatingtheconsensusof4.31 billion (4.09 billion euros), beating the consensus of 4.10 billion.Comparable sales decreased by 2%, including a double-digit decline in China.Diagnosis & Treatment comparable sales decreased by 4%, due to a double-digit decline in China and on the back of a high comparison base in prior yea ...