Siemens Healthineers ups 2022 targets after Q1 beat thanks to COVID test demand
Reuters
Published Feb 03, 2022 06:11
Updated Feb 03, 2022 06:52
BERLIN (Reuters) - U.S.-German medical device maker Siemens Healthineers raised 2022 targets as it beat quarterly sales and profit expectations on Thursday thanks to increased demand for rapid COVID-19 antigen tests and approval for its tests in the United States.
The company said it expects 2022 comparable revenue growth between 3% and 5% and adjusted basic earnings per share between 2.18 and 2.30 euros ($2.46-$2.60), compared to its previous outlook for ranges of 0%-2% and 2.08-2.20 euros, respectively.
Siemens Healthineers said its first-quarter revenue rose 31% to 5.07 billion euros, and adjusted earnings before interest and taxes (EBIT) rose 22% to 898 million euros.
Analysts polled by Refinitiv had on average expected a turnover of 4.87 billion euros and an EBIT of 774 million euros.
($1 = 0.8850 euros)
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.