European med-tech companies slide on US tariffs fears

Sonova Holding AG

25/09/2025 08:16

** Shares in European medical technology companies move lower after U.S. opens probes into the import of medical items, among others

** The "Section 232" investigations could be used as a basis for even higher tariffs on a wide swath of medical and industrial goods

** "Move might result in new tariffs. Difficult to judge without details, but might weigh slightly on sectors," a local trader says

** Still, J.P.Morgan says in a note that the national security angle seems to indicate a greater concern for lower innovation medical supplies over higher innovation devices

** Shares in Siemens Healthineers SHLG.DE fall 6% to April lows, its Dutch med-tech peer Philips PHG.AS slips 4%

** Danish medical equipment maker Coloplast COLOb.CO is down around 3%

** Hearing aid makers Sonova SOON.S, Demant DEMANT.CO, GN Store Nord GN.CO fall between around 2% and 4%

** Smith+Nephew SN.L, which makes orthopaedic implants, wound dressings and other surgical aids, is down around 1%

 (Reporting by Anna Pruchnicka)

 ((anna.pruchnicka@tr.com))