India, July 28 -- Shares of Koninklijke Philips N.V. Were losing around 11 percent in Amsterdam as well as around 4.4% in pre-market activity on the NYSE, after the Dutch consumer electronics giant reported Tuesday weak orders in its second quarter, even as profit increased significantly, mainly on US tariff refund and slightly higher net sales.
Further, the firm lifted fiscal 2026 Adjusted EBITA outlook to reflect US tariff refund, and reiterated comparable sales growth view.
For fiscal 2026, Philips continues to expect comparable sales growth of 3 percent to 4.5 percent.
The company updated its adjusted EBITA margin guidance to 13.5 percent to 14.0 percent, including a US tariff refund benefit of approximately 1 percent, compared to th...