Philips Reiterates 2026 Comparable Sales Growth Outlook of 3%-4.5%

By Public Technologies
  • Philips reiterated its 2026 comparable sales growth forecast of 3%-4.5%, following third-quarter growth of 3%.
  • Adjusted EBITA margin guidance remains 13.5%-14%, including a U.S. tariff refund benefit of about 1 percentage point.
  • Free cash flow is forecast at EUR 1.5-1.7 billion, including a net U.S. tariff refund benefit of about EUR 200 million.
  • Diagnosis & Treatment growth should accelerate in the fourth quarter as delayed ultrasound shipments move through and orders convert to sales.
  • The outlook assumes payment of the U.S. Justice Department settlement in first-quarter 2027; a EUR 288 million provision was recorded in third-quarter 2026.


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