Siemens Backs Fiscal Year 2021 Outlook, Including Varian Deal
June 24 2021 - 3:18AM
Dow Jones News
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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