Philips Lifts Margin Outlook After Getting US Tariff Refund

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessPhilips Lifts Margin Outlook After Getting US Tariff RefundRoyal Philips NV raised its profitability expectations for 2026 after a US tariff refund bolstered earnings in the second quarter.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Royal Philips NV raised its profitability expectations for 2026 after a US tariff refund bolstered earnings in the second quarter.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Dutch company, which makes a wide range of products from ultrasound scanners to electric toothbrushes, now sees an adjusted Ebita margin of at least 13.5% for the full year, from at least 12.5% previously.Its margin in the three months through June, excluding the refund, came in at 12.2%, slightly higher than analyst expectations compiled by Bloomberg. Chief Executive Officer Roy Jakobs cited strong order growth in Europe, while flagging that large Connected Care orders shifted to the third quarter, depressing overall order intake.The manufacturer has been trying to become more efficient to offset the duties and higher costs for freight, energy and plastics caused by the fighting in the Middle East. Chief Financial Officer Charlotte Hanneman told Bloomberg earlier this month that Philips was “looking at selective pricing if and when it makes sense.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe supply of Helium, a gas used in many of the medical scanners made by Philips and its peers, has been squeezed after China temporarily banned exports. Its price has climbed after the Iran war disrupted shipping in the Strait of Hormuz.Demand in the key China market has stayed challenging after the Asian nation implemented a sweeping anti-corruption campaign across the healthcare sector and implemented strict domestic product requirements for many categories. Philips reported declining second-quarter sales in China at the Diagnosis and Treatment division, its largest unit that makes CT, ultrasound and MRI scanners.Philips continues to “actively manage the broader macro environment, including inflation,” Jakobs said in the statement. “Our productivity program is on track, helping to largely offset these pressures.”(Updates with updated outlook from first paragraph.)This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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