Philips Shares Slump on Swing to Net Loss, China Woes

Dow Jones

Feb 19, 2025

By Helena Smolak

Shares of Royal Philips slumped after the company posted a swing to a fourth-quarter net loss due to a tax charge and lower sales in China which it expects to continue this year.

In European morning trade, shares fell 8.6% to 2.34 euros. The stock is up 1.4% year to date and 0.6% higher over the past three months.

The Dutch health-technology company said Wednesday that its net loss for the fourth quarter was 334 million euros ($348.9 million), due to a 449 million euros tax charge, compared with a profit of 39 million euros for the comparable period a year earlier. A company-compiled consensus guided for profit of 302 million euros.

The company posted a double-digit sales decline in China. For 2025, it anticipates a mid- to high-single-digit sales decline in the country, which includes the impact of the recently announced U.S.-China tariffs.

Write to Helena Smolak at helena.smolak@wsj.com

(END) Dow Jones Newswires

February 19, 2025 03:38 ET (08:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2512179593"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2512179593\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2512179593?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-19 16:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2512179593","market":"sg","top_or_hot":-1,"title":"Philips Shares Slump on Swing to Net Loss, China Woes","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Helena Smolak \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Royal Philips slumped after the company posted a swing to a fourth-quarter net loss due to a tax charge and lower sales in China which it expects to continue this year. \n</p>\n<p>\n  In European morning trade, shares fell 8.6% to 2.34 euros. The stock is up 1.4% year to date and 0.6% higher over the past three months. \n</p>\n<p>\n  The Dutch health-technology company said Wednesday that its net loss for the fourth quarter was 334 million euros ($348.9 million), due to a 449 million euros tax charge, compared with a profit of 39 million euros for the comparable period a year earlier. A company-compiled consensus guided for profit of 302 million euros. \n</p>\n<p>\n  The company posted a double-digit sales decline in China. For 2025, it anticipates a mid- to high-single-digit sales decline in the country, which includes the impact of the recently announced U.S.-China tariffs. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Helena Smolak at helena.smolak@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 03:38 ET (08:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Philips Shares Slump on Swing to Net Loss, China Woes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPhilips Shares Slump on Swing to Net Loss, China Woes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-19 16:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Helena Smolak \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Royal Philips slumped after the company posted a swing to a fourth-quarter net loss due to a tax charge and lower sales in China which it expects to continue this year. \n</p>\n<p>\n  In European morning trade, shares fell 8.6% to 2.34 euros. The stock is up 1.4% year to date and 0.6% higher over the past three months. \n</p>\n<p>\n  The Dutch health-technology company said Wednesday that its net loss for the fourth quarter was 334 million euros ($348.9 million), due to a 449 million euros tax charge, compared with a profit of 39 million euros for the comparable period a year earlier. A company-compiled consensus guided for profit of 302 million euros. \n</p>\n<p>\n  The company posted a double-digit sales decline in China. For 2025, it anticipates a mid- to high-single-digit sales decline in the country, which includes the impact of the recently announced U.S.-China tariffs. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Helena Smolak at helena.smolak@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 03:38 ET (08:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PHG","symbol_name":"飞利浦","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512179593","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512179593","pubTimestamp":1739954280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Royal Philips slumped after the company posted a swing to a fourth-quarter net loss due to a tax charge and lower sales in China which it expects to continue this year.In European morning trade, shares fell 8.6% to 2.34 euros. The stock is up 1.4% year to date and 0.6% higher over the past three months.The Dutch health-technology company said Wednesday that its net loss for the fourth quarter was 334 million euros , due to a 449 million euros tax charge, compared with a profit of 39 million euros for the comparable period a year earlier. A company-compiled consensus guided for profit of 302 million euros.The company posted a double-digit sales decline in China. For 2025, it anticipates a mid- to high-single-digit sales decline in the country, which includes the impact of the recently announced U.S.-China tariffs.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PHG":"飞利浦","BK4588":"碎股","BK4082":"医疗保健设备","BK4585":"ETF&股票定投概念"},"translate_title":"飞利浦股价因净亏损和中国困境而暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PHG":0.9},"content_text":"By Helena Smolak \n\n\n \n\n\n  Shares of Royal Philips slumped after the company posted a swing to a fourth-quarter net loss due to a tax charge and lower sales in China which it expects to continue this year. \n\n\n  In European morning trade, shares fell 8.6% to 2.34 euros. The stock is up 1.4% year to date and 0.6% higher over the past three months. \n\n\n  The Dutch health-technology company said Wednesday that its net loss for the fourth quarter was 334 million euros ($348.9 million), due to a 449 million euros tax charge, compared with a profit of 39 million euros for the comparable period a year earlier. A company-compiled consensus guided for profit of 302 million euros. \n\n\n  The company posted a double-digit sales decline in China. For 2025, it anticipates a mid- to high-single-digit sales decline in the country, which includes the impact of the recently announced U.S.-China tariffs. \n\n\n \n\n\n  Write to Helena Smolak at helena.smolak@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2025 03:38 ET (08:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}