Siemens Healthineers: record order backlog
(CercleFinance.com) - On Monday Siemens Healthineers reported lower than expected Q4 2019-20 results, albeit with a "record" order backlog, which enabled the share to more or less stay afloat on the Frankfurt Stock Exchange on Monday morning.
On a like-for-like basis, the medical imaging giant's sales fell 2% in the fourth quarter ended September, however, the group says that it benefited from exceptionally high sales at the same time last year.
Its adjusted operating margin fell by 2.8 points to 16.1%, due to the impact of Covid-19, which weighed on its strategic diagnostics business.
However, the medical equipment manufacturer says that it managed to increase its order book over the quarter to "record" levels, thanks to the signing of a series of long-term contracts.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
On a like-for-like basis, the medical imaging giant's sales fell 2% in the fourth quarter ended September, however, the group says that it benefited from exceptionally high sales at the same time last year.
Its adjusted operating margin fell by 2.8 points to 16.1%, due to the impact of Covid-19, which weighed on its strategic diagnostics business.
However, the medical equipment manufacturer says that it managed to increase its order book over the quarter to "record" levels, thanks to the signing of a series of long-term contracts.
Copyright (c) 2020 CercleFinance.com. All rights reserved.