Siemens Healthineers 4Q Earnings, Revenue Beat Views, Driven by Imaging Business
November 09 2022 - 1:44AM
Dow Jones News
By Cecilia Butini
Siemens Healthineers on Wednesday posted rising earnings and
revenue for the fourth quarter of its fiscal year that beat
expectations, driven by the imaging division.
The German healthcare company reported net profit of 636 million
euros ($640.7 million) in the period, up from EUR466 million the
year prior and beating analysts' expectations of EUR634 million.
Adjusted earnings before interest and taxes rose to EUR1.01 billion
from EUR793 million. Revenue climbed to EUR6 billion from EUR5.16
billion.
The company said that its imaging division generated the most
revenue growth, followed by the diagnostics division, which
includes Covid-19 tests.
Looking at financial year 2023, Siemens Healthineers expects
comparable revenue growth of between minus 1% and positive 1%
compared with fiscal 2022 including Covid-19 antigen tests. When
excluding revenue from those, it expects comparable revenue growth
of between 6% and 8%, the company said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
November 09, 2022 01:29 ET (06:29 GMT)
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