Gdansk: Dutch medical technology company Philips reported third-quarter profit above market expectations, helped by measures to mitigate the impact of tariffs and the launch of artificial intelligence tools .

Adjusted earnings before interest, tax and amortisation (EBITA) came in at 531 million euros, surpassing the 484 million expected by analysts.

Its sales grew 3%, matching analysts expectations at 4.3 billion euros ($5.0 billion), driven by a strong performance in North America.

CEO WARNS TARIFFS DIVERT FUNDS FROM PATIENT CARE

Philips, which makes most of its revenue in the United States, flagged a lower-than expected impact from U.S. tariffs.

CEO Roy Jakobs said in a call with reporters that the performance reflected investments in its supply chain to mitigate tariff impa

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