Philips jumps after reassuring first-quarter beat

Koninklijke Philips

06/05/2026 08:21

** Shares in Philips PHG.AS jump 3% after the Dutch health-tech group posted first-quarter sales and revenues above consensus and confirmed its full-year outlook

** "This is another quarter of substantially beating well-managed expectations", J.P. Morgan says

** Philips CEO Roy Jakobs told journalists that further productivity measures and price increases would offset inflation and the effect of U.S. tariffs

** The results should calm investors' fears around inflation, a trader says

** Including Wednesday's jump, the stock is flat YTD

 (Reporting by Alessandro Parodi)

 ((alessandro.parodi@thomsonreuters.com))