Philips reiterates 2026 comparable sales growth outlook of 3%-4.5%
PHG•Philips reiterated its 2026 comparable sales growth forecast of 3%-4.5% after third-quarter growth of 3%. It maintained adjusted EBITA margin guidance of 13.5%-14% and forecast free cash flow of EUR 1.5-1.7 billion.
1. Outlook maintained
Philips said its adjusted EBITA margin outlook includes a U.S. tariff refund benefit of about 1 percentage point, while its free cash flow forecast includes a net tariff refund benefit of about EUR 200 million. The company expects Diagnosis & Treatment growth to accelerate in the fourth quarter as delayed ultrasound shipments move through and orders convert to sales.
2. Settlement provision
The outlook assumes payment of the U.S. Justice Department settlement in the first quarter of 2027. Philips recorded a EUR 288 million provision in the third quarter of 2026.
