(Il Sole 24 Ore Radiocor) - Milano, 10 feb - Philips said that for 2026 it is targeting comparable sales growth of 3.0%-4.5% with an adjusted EBITA margin of 12.5%-13.0%, and free cash flow of 1.3-1.5 billion euros.

The outlook includes currently known tariffs. It excludes ongoing Philips Respironics-related proceedings, including the investigation by the US Department of Justice.

The group will also hold a Capital Markets Day later today in which it will announce new targets. For the 2026-2028 period it is targeting a compound annual growth rate (CAGR) for comparable sales in the mid-single digits and an adjusted EBITA margin in the mid-teens in 2028.

It is targeting free cash flow of 4.5-5.0 billion euros cumulatively over the period and 1.5 billion of productivity savings.

Philips also said it was proposing to re-appoint Roy Jakobs as its president/chief executive officer and member of the board of management, recognizing the progress made since 2022 and its confidence in his leadership as Philips enters the next phase of driving profitable growth.

'Roy Jakobs has demonstrated clear leadership, strong execution and a relentless focus on strengthening Philips amid an uncertain macro environment,' said Feike Sijbesma,.

chairman of the supervisory board.

(RADIOCOR) 10-02-26 08:18:46 (0187) 5 NNNN