Weak Chinese Consumer Weighs on Philips' 2025 Sales Forecast

Group 1 - Concerns about the strength of the Chinese market are impacting international companies, with Koninklijke Philips projecting lower sales due to weak consumer appetite in China [2][5] - U.S.-listed shares of Philips are down over 11% in premarket trading, following a loss in the fourth quarter and a "double-digit decline" in sales in China [2][5] - Philips forecasts 1%-3% year-over-year sales growth for 2025, which includes a "mid- to high-single-digit" drop in sales from China [2][5] Group 2 - The sales growth forecast also accounts for the recent U.S.-China tariffs, with the U.S. increasing tariffs on imports from China by 10% [3] - CEO Roy Jakobs expressed uncertainty about when Chinese demand will recover, noting that the Chinese consumer remains "subdued" in 2025 [4] - Despite current challenges, Philips shares have increased nearly 40% over the past 12 months [4]