Dow Jones Newswires: Siemens Healthineers posts forecast-beating earnings and revenue, driven by imaging division

by | Nov 9, 2022 | Stock Market

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

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