Philips(US:PHG) 智通财经网·2025-05-06 07:03Group 1 - Philips has lowered its profit margin expectations for 2025 due to the impact of U.S. tariffs, estimating a net effect of €250 million to €300 million (approximately $283 million to $340 million) [1] - The company's Q1 sales amounted to €4.1 billion, a 2% year-over-year decline on a comparable basis, but above analysts' average expectation of €4.02 billion [1] - The U.S. is Philips' largest market, expected to account for about 40% of its 2024 sales and one-third of its tax payments [1] Group 2 - Philips has adjusted its full-year core profit expectations, now forecasting an adjusted EBITA margin between 10.8% and 11.3%, down from the previous forecast of 11.8% to 12.3% [1] - Despite the decline in sales, the company maintains its expectation for comparable sales growth of 1% to 3% for the year [1] - Strong performance in the North American market has offset sales declines in China, resulting in a 2% increase in comparable order volume [1] Group 3 - Analysts expect that once tariffs are implemented, companies may have to absorb related costs in the short term [2] - Philips paid €38 million in tariffs in the U.S. last year and plans to mitigate tariff impacts through relief measures and the Nairobi Protocol [2] - Since June 2021, Philips has been working to rebuild investor confidence due to claims related to defective sleep apnea devices, which have pressured the company's stock price [2]