Lower Demand In China Disrupts Philips Q1 Sales, Cuts 2025 Profitability Target On Potential Tariff Impact
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 4.10 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 ...