Aug 20 (Reuters) - Swiss-American eye-care group Alcon
on Tuesday cut its 2025 net sales outlook, saying it
expects the impact of U.S. tariffs to persist through the
remainder of the year.
Alcon, which makes nearly half of its revenue in the U.S.,
lowered its projected net sales range to $10.3 to $10.4 billion
from $10.4 to $10.5 billion forecasted in May.
It now forecasts a full-year gross tariff impact around $100
million but expects to offset that through operational changes
and foreign exchange movements.
The U.S. tariff rate of 39% on goods from Switzerland is
higher than nearly any other Western trading partner.
In 2024 46% of Alcon's net sales were made in the U.S.
The Swiss-American group posted a 4% rise in its
second-quarter sales to $2.58 billion, missing analysts' average
forecast of $2.63 billion, according to LSEG data. It said
demand for its surgical products was relatively weak in the
first half.
Alcon shares were down 8.25% in Julius Baer pre-market
indications as at 0620 GMT.