Philips cuts 2026 sales growth forecast

Koninklijke Philips

10/02/2026 06:13

Feb 10 - Dutch healthtech company Philips PHG.AS on Tuesday forecast comparable sales growth of 3% to 4.5% for 2026, below the roughly 4.5% expected previously.

The company also said that it expects to generate free cash flow of between 1.3 billion and 1.5 billion euros.

CEO Roy Jakobs said in December that the impact of U.S. tariffs was expected to "almost double" this year, pressuring margins despite ongoing cost cuts.

 (Reporting by Leo Marchandon in Gdansk)

 ((leo.marchandon@thomsonreuters.com))