Weak Chinese Consumer Weighs on Philips’ 2025 Sales Forecast | Global News Avenue

Worry about the strength of the Chinese market is Weighing About international companies, with koninklijke Philips (phg) The country’s sales are lower as its consumer appetite remains weak.

U.S. listed shares of Dutch conglomerate fell more than 11% in previous trading on Wednesday. The company lost losses in the fourth quarter, during which sales in China “double-digit declines”.

Manufacturers of Dutch medical devices and consumer electronics such as electric toothbrushes have cited the “challenging macro environment” with a sales increase of 1%-3% in 2025. The forecast includes a decline in China’s “middle to high unit numbers”.

Philips sales forecast includes the impact of US-China tariffs

The company said modest sales growth forecasts also include the impact of recent U.S.-China tariffs. Earlier this month, U.S. tariffs on Chinese imports increased by 10%, while Beijing increased revenge A more limited set of taxes is designed to import goods, including coal and liquefied natural gas.

“We believe (China’s demand) will come back, which is attractive in the long run, but We’re just not sure when it will happen and when there will be a turning point,” CEO (CEO) Roy Jakobs said in an interview CNBC On Wednesday, the company believes that Chinese consumers continue to be “submission” in 2025.

Philips shares have risen nearly 40% over the past 12 months.