Philips' sees tariffs impact of 150-200 million euros after US-EU deal
The group, which sells products ranging from toothbrushes to medical imaging systems, said it expects an impact of 150-200 million euros ($173-232 million) from the tariffs, lower than the 250-300 million euros it estimated previously.
The tariff impact "has evolved and continues to be dynamic", Philips said in a statement.
The company also increased its profit margin forecast to a range between 11.3% and 11.8% from its previous forecast of 10.8%-11.3%.
Its second-quarter sales were 4.3 billion euros, in line with analysts' average forecast in a company-provided consensus.
($1 = 0.8630 euros)
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