Siemens Healthineers Net Profit Rose on Lower Taxes
02 August 2023 - 7:39AM
Dow Jones News
By Adria Calatayud
Siemens Healthineers's net profit for its fiscal third quarter
rose mainly thanks to lower taxes.
The German medical-equipment maker said Wednesday that net
profit for the quarter ended June 30 was 445 million euros ($488.8
million) compared with EUR363 million in the same period last
year.
Revenue for the quarter increased EUR5.20 billion from EUR5.19
billion, with growth in the imaging and advanced therapies segments
broadly offset by a drop in diagnostics sales due to weaker demand
for Covid-19 antigen tests. On a comparable basis, the company's
revenue grew 3.6% and was up 10% excluding rapid Covid-19 antigen
tests, it said.
Adjusted earnings before interest and taxes fell to EUR740
million from EUR765 million, with a margin that shrunk to 14.2%
from 14.7% due to the smaller contribution from Covid-19 test
sales, the company said.
Siemens Healthineers confirmed its outlook for fiscal 2023, with
comparable revenue growth expected to range from a 1% fall to a 1%
rise and adjusted earnings per share of EUR2.00 to EUR2.20.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
August 02, 2023 01:24 ET (05:24 GMT)
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