Philips prices EU green bond for EUR 650M

Reuters reports a hacking group post claimed it stole large volumes of data from nearly 50 companies. Shell said it is aware of a possible incident and is investigating. Philips said it contained an attempted compromise of an enterprise server and that customer environments were not impacted. Fiserv and GE said they are assessing claims. Reuters could not verify details; Ransom-ISAC warned Cl0p exploited PTC Windchill and FlexPLM vulnerabilities.

UBS downgraded Koninklijke Philips N.V. (PHG) to neutral from buy and cut its price target to €24 from €32.50, citing China pricing pressure and inflation that may delay margin improvement and a return to organic growth above 5%. UBS forecasts weaker organic growth and lowered 2027+ adjusted EPS, though it raised 2026 EPS on a tariff refund.

Philips reported Q2 sales of €4.4B (up 4% comparable) and an adjusted EBITA margin of 16.4%. The company said a €186M US tariff refund drove most of the margin improvement, while underlying margin fell. Orders were down 1% comparable, with some North America Connected Care contracts delayed. Full-year sales guidance was unchanged; margin and free cash flow guidance were raised.

Philips (PHG) shares fell about 9% in European trading after the company reported weaker-than-expected orders and warned that conditions in China are getting harder. Philips said comparable order intake fell 1% mainly due to delays in closing large U.S. contracts. It kept an improved full-year profitability outlook but expects third-quarter adjusted EBITDA margin below last year.

Koninklijke Philips N.V. shares fell after the company reported weak Q2 order intake despite profit growth. Philips said US tariff refunds boosted results and raised its FY2026 comparable sales outlook to 3% to 4.5%, adjusted EBITA margin to 13.5% to 14.0% (about 1% from refunds), and free cash flow to €1.5-€1.7B. Q2 net income rose to €386M.

Philips reported Q2 adjusted EBITA margin of 16.4%, above analysts’ 12.1% forecast, helped by US tariff refunds. The company said it largely completed the refund process during the quarter. Philips raised its 2026 outlook to an adjusted EBITA margin of 13.5%-14% (from 12.5%-13%) and forecast free cash flow of €1.5-1.7 billion. Sales rose 4% to €4.4 billion.