Siemens Healthineers Q3 earnings fall confirms 2022 outlook

Siemens Healthineers Q3 earnings fall confirms 2022 outlook

Summary : An employee wearing a face mask is seen at a workshop of computed tomography (CT) scanners of medical device firm Siemens Healthineers in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 24, 2020.

BERLIN, Aug 3 (Reuters) – U.S.-German medical device maker Siemens Healthineers (SHLG.DE) stuck with its outlook for the 2022 financial year on Wednesday as supply-chain headwinds and COVID-19 lock-downs pushed some sales into next quarters.

The company said it expected comparable revenue growth of between 5.5 and 7.5% and adjusted basic earnings per share of between 2.25 euros ($2.29) and 2.35 euros.

During the group’s third quarter, net income fell to 364 million euros from 395 million euros the previous quarter.

An employee wearing a face mask is seen at a workshop of computed tomography (CT) scanners of medical device firm Siemens Healthineers in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 24, 2020. REUTERS/Aly SongBERLIN, Aug 3 (Reuters) – U.S.-German medical device maker Siemens Healthineers (SHLG.DE) stuck with its outlook for the 2022 financial year on Wednesday as supply-chain headwinds and COVID-19 lock-downs pushed some sales into next quarters.The company said it expected comparable revenue growth of between 5.5 and 7.5% and adjusted basic earnings per share of between 2.25 euros ($2.29) and 2.35 euros.

During the group’s third quarter, net income fell to 364 million euros from 395 million euros the previous quarter.

Adjusted earnings before interest and tax (EBIT) dropped 19% to 765 million euros on revenues of 5.19 billion euros.

Writing by Rachel More, editing by Kirsti Knolle