Trump fund increases Philips' Q2 profit

Philips, the Dutch company, saw an increase in profits in the second quarter of 2026, thanks to a recovery in US customs duties that contributed €186 million, along with a slight uptick in sales. The company reported a net income of €386 million, compared to €240 million in the same period last year, with earnings per share rising to €0.4. The company reaffirmed its forecast of comparable sales growth between 3% and 4.5% for the fiscal year 2026.

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