Back to black: Philips posts first annual profit since 2021 / Photo: LEX VAN LIESHOUT - ANP/AFP
RBGPF
2.2800
Zürcher Nachrichten - Back to black: Philips posts first annual profit since 2021
EUR
-
AED 4.240081
AFN 75.628368
ALL 93.094431
AMD 422.645236
AOA 1059.875198
ARS 1721.451062
AUD 1.632666
AWG 2.081073
AZN 1.960779
BAM 1.957382
BBD 2.325079
BDT 142.166128
BHD 0.435356
BIF 3451.219115
BMD 1.154548
BND 1.477081
BOB 13.616122
BRL 5.950424
BSD 1.154433
BTN 109.991846
BWP 15.540425
BYN 3.447757
BYR 22629.142525
BZD 2.321797
CAD 1.607587
CDF 2626.597054
CHF 0.936656
CLF 0.026764
CLP 1053.386652
CNY 7.787777
CNH 7.78805
COP 3623.583811
CRC 524.423831
CUC 1.154548
CUP 30.595524
CVE 110.355143
CZK 24.252671
DJF 205.577926
DKK 7.475687
DOP 67.403891
DZD 153.435674
EGP 57.977825
ERN 17.318221
ETB 186.734934
FJD 2.552707
FKP 0.854422
GBP 0.853529
GEL 3.019111
GGP 0.854422
GHS 13.217797
GIP 0.854422
GMD 84.858232
GNF 10141.283867
GTQ 8.808042
GYD 241.567323
HKD 9.059716
HNL 30.942739
HRK 7.535736
HTG 151.000729
HUF 364.102928
IDR 20602.91063
ILS 3.450656
IMP 0.854422
INR 110.101227
IQD 1512.309126
IRR 1587157.25621
ISK 141.801407
JEP 0.854422
JMD 182.759286
JOD 0.818586
JPY 183.670703
KES 149.294395
KGS 100.965522
KHR 4674.737561
KMF 492.992624
KRW 1636.329207
KWD 0.356802
KYD 0.962069
KZT 537.51976
LAK 26047.276614
LBP 103379.244923
LKR 385.891872
LRD 209.531155
LSL 18.653014
LTL 3.409081
LVL 0.698374
LYD 7.363014
MAD 10.723059
MDL 20.012
MGA 4968.058138
MKD 61.579768
MMK 2424.478032
MNT 4152.523128
MOP 9.331022
MRU 46.142691
MUR 54.34422
MVR 17.837556
MWK 2001.835191
MXN 19.697421
MYR 4.717023
MZN 73.196549
NAD 18.653014
NGN 1572.829598
NIO 42.484703
NOK 10.940093
NPR 175.983703
NZD 1.967517
OMR 0.443929
PAB 1.154443
PEN 3.901587
PGK 5.106171
PHP 70.691785
PKR 320.66916
PLN 4.304272
PYG 6888.626947
QAR 4.208838
RON 5.240513
RSD 117.333228
RUB 95.656399
RWF 1700.459557
SAR 4.329967
SBD 9.311477
SCR 15.843758
SDG 693.313001
SEK 10.996308
SGD 1.476692
SLE 28.284795
SOS 659.727467
SRD 43.810462
STD 23896.814398
STN 24.519817
SVC 10.101251
SZL 18.634899
THB 38.167052
TJS 10.678523
TMT 4.052464
TND 3.38974
TRY 55.124598
TTD 7.829395
TWD 37.197283
TZS 3053.783117
UAH 51.582842
UGX 4282.461019
USD 1.154548
UYU 46.467957
UZS 13804.275968
VES 877.76273
VND 30081.173158
VUV 136.747913
WST 3.151905
XAF 656.481872
XAG 0.017457
XAU 0.000262
XCD 3.120224
XCG 2.080581
XDR 0.816156
XOF 656.493254
XPF 119.331742
YER 273.877749
ZAR 18.627802
ZMK 10392.318525
ZMW 21.726747
ZWL 371.764013
- New space object 'black hole star' discovered by astronomers
- Grieving Argentine icon Messi unsure about playing on 'much longer'
- England captain Root tells players to be 'adults' as he ditches curfew
- Nigeria kidnap victims escape 'hellfire' captivity beaten, malnourished
- US inflation slows slightly in July despite elevated fuel prices
- Google unveils finder tag, new AI smartphone features
- Total solar eclipse to cast its shadow over Europe
- US equities gain as inflation report eases fear of rate rise
- US consumer inflation slows slightly in July despite elevated fuel prices
- Colombia declares three days mourning for quake victims
Back to black: Philips posts first annual profit since 2021
Dutch electronics and medical device manufacturer Philips said Tuesday it had bounced back into the black in 2025, as it seeks to turn the page on a scandal over faulty sleep apnoea machines.
Philips posted a profit of 897 million euros last year, after three straight years of losses.
"We strengthened our company while navigating a dynamic macro environment. We ended the year with strong, robust margin expansion despite tariffs," chief executive Roy Jakobs said in a statement.
The profit came in above the consensus forecast of analysts polled by the company of 775 million euros.
Once famous for making lightbulbs and televisions among other products, Amsterdam-based Philips in recent years has sold off subsidiaries to focus on medical care technology.
It posted overall sales of 17.8 billion euros in 2025, compared to the 18.0 billion euros it banked in 2024.
Analysts' consensus forecast was for sales of 17.7 billion euros.
Looking ahead, the firm said it expected sales growth of between 3.0 and 4.5 percent for 2026.
This outlook includes the impact of "currently known tariffs" but excludes potential costs from the ongoing saga of its sleep apnoea machines, Philips said.
Since 2021, the company has been battling a series of crises over its DreamStation machines for sleep apnoea, a disorder in which breathing stops and starts during sleep.
Millions of devices were recalled over concerns that users were at risk of inhaling pieces of noise-cancelling foams and fears it could potentially cause cancer.
In April, it announced it had reached a $1.1 billion deal to settle US lawsuits from the faulty machines.
Turning to the fourth quarter, Philips posted a profit of 397 million euros, above the forecast of 276 million euros.
In the third quarter of last year, the firm banked profits of 187 million euros on sales of 4.3 billion euros.
The firm has continued to shed jobs. It employed 64,817 people at the end of 2025, compared to 67,823 at the end of 2024.
Philips also announced a proposal to reappoint Jakobs as CEO.
"(This) reflects the Supervisory Board's recognition of the progress made since 2022 and its confidence in his leadership as Philips enters the next phase of driving profitable growth," the firm said.
W.O.Ludwig--NZN
