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Philips sees 250-300 million euros net impact from tariffs in 2025

By Thomson Reuters May 6, 2025 | 12:15 AM

(Reuters) -Dutch healthcare technology company Philips expects a net impact from tariffs of between 250 and 300 million euros ($283 million-$340 million) in 2025 despite “substantial tariff mitigations”, it said on Tuesday.

The company cut its full-year core profit outlook despite posting first-quarter sales slightly above expectations.

($1 = 0.8832 euros)

(Reporting by Alessandro Parodi in Gdansk; Editing by Muralikumar Anantharaman)