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Siemens Healthineers profit drops to  $827 million in Q4

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FRANKFURT – Siemens Healthineers, the German medical technology company, on Wednesday said its profit before tax was €75 million ($827 million) for the fourth quarter, lower than the €859 million seen in the same quarter a year ago.

Net income declined to €537 million or €0.48 per share from €630 million or €0.56 per share last year.

Excluding one-time items, adjusted basic earning per share was €0.58 compared with €0.65 a year ago.

Revenue for the quarter was down at €6.056 billion compared with €6 billion in the previous year.

On a comparable basis, revenue grew by 10.8%, excluding the discontinued rapid COVID-19 antigen-test business, particularly driven by growth in the Varian and the Imaging segments.

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For the fiscal year 2024, the company expects comparable revenue to grow 4.5% – 6.5% year on year.

Adjusted basic earnings per share for the year is expected to be between €2.10 and €2.30.

 

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