Siemens Backs Fiscal Year 2021 Outlook, Including Varian Deal

By Kim Richters

Siemens AG said Thursday that business continued to develop positively in the current quarter, backing its guidance for the full fiscal year with included effects from the takeover of Varian Medical Systems Inc.

The German engineering conglomerate said as part of its Capital Market Day that it expects net income between 5.7 billion euros and 6.2 billion euros ($6.80 billion and $7.39 billion) for the year ending Sept. 30.

While it previously excluded burdens from the Varian deal in this outlook, those effects are now included. Siemens's medical-technology subsidiary Siemens Healthineers AG has acquired the U.S.-based company for $16.4 billion.

Siemens upgraded its outlook when releasing second-quarter results in May.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

June 24, 2021 03:03 ET (07:03 GMT)

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