A Philips logo stands outside of the new global Philips Headquarters in Amsterdam, Netherlands, October 16, 2025. REUTERS/Piroschka van de Wouw

MILAN, Dec 4 - Philips shares fell more than 5% on Thursday after traders flagged concerns about 2026 growth expectations following comments from the Dutch health technology company at a conference.

Citi said it hosted Philips CEO Roy Jakobs at its Global Healthcare Conference. According to the U.S. bank, Philips management cautioned that its organic sales growth rate was "unlikely" to double in 2026 from about 2% this year, compared with the current consensus of 4.5%.

Citi added that the company reiterated its goal to improve margins in 2026, while cautioning that tariff headwinds next year are expected to almost double.

Philips was not immediately available for comment.

(Editing by Louise Heavens)