Siemens Healthineers: maintains guidance, shares rise

(CercleFinance.com) - Shares in Siemens Healthineers have risen by over 4% in morning trading on Monday, after the German health technology company posted higher profit and revenue for its third quarter, which has led it to maintain its full-year earnings guidance.


The company, which sells products and services for diagnostic and molecular medicine to healthcare providers, said on Monday that its revenue rose by 8% to 3.6 billion euros for the three months to 30 June, compared to 3.3 billion euros a year earlier.

Comparable revenue growth reached 6% over the quarter, driven by sales of imaging and advanced therapies products, the group said.

Net income was 353 million euros, up 20% compared to the 293 million euros a year ago.

Siemens Healthineers confirmed its guidance for fiscal year 2019, still expecting comparable revenue growth to be in the range of 4% to 5% compared to fiscal year 2018.

It also stuck to its FY EPS growth target range of 20% to 30% relative to 2018.

Siemens Healthineers shares are currently up 4.4% at 37.3 euros in Frankfurt.

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