Dutch exports to US plummet 25% as tariffs bite

Philips (NYSE:PHG, AEX: PHIA) launched the Lumea IPL 9900 Pro, an at-home hair removal device with audio guidance and motion tracking. The FDA-cleared device is priced at $699.95 and claims over 90% hair reduction after three treatments. Philips reported 2025 sales of EUR 18 billion.

Philips (PHG, PHIA) received a $33.7M award from ARPA-H to develop AI-enabled robotic stroke care with Johns Hopkins and Boston University. The project aims to expand access to advanced stroke treatments by integrating robotics, AI, and imaging on Philips' Azurion platform.

Philips priced a EUR 650M EU Green Bond with a 4.0% coupon, due 2034. The notes were oversubscribed 2.7x. Proceeds will fund green projects. The company maintains investment-grade ratings from S&P, Moody's, and Fitch.

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.