Siemens: towards IPO of Healthineers in H1 2018.
(CercleFinance.com) - On the publication of its quarterly financial results, Siemens provided details - and a timetable - on the IPO of its highly profitable Healthineers division.
The deal is expected to occur during the first six months of 2018.
For the record, over the first nine months of 2016/2017, i.e. at the end of June, Healthineers sales reached 10.1 billion euros (+2% like-for-like), with orders of 10.3 billion orders (+3%). This is about 16.5% of the group's FY sales; in these terms, it is the group's second largest division.
However, Healthineers is the main contributor to Siemens' continuing operations over the period (1.8 billion euros), and is also the most dynamic of all sectors (+16.6%), out of a total of 6.7 billion euros, which represents more than a quarter of the total. Under these terms, Healthineers could be valued at up to 40 billion euros, considering that, in its present form, Siemens currently has a market capitalisation of almost 100 billion euros in Frankfurt.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The deal is expected to occur during the first six months of 2018.
For the record, over the first nine months of 2016/2017, i.e. at the end of June, Healthineers sales reached 10.1 billion euros (+2% like-for-like), with orders of 10.3 billion orders (+3%). This is about 16.5% of the group's FY sales; in these terms, it is the group's second largest division.
However, Healthineers is the main contributor to Siemens' continuing operations over the period (1.8 billion euros), and is also the most dynamic of all sectors (+16.6%), out of a total of 6.7 billion euros, which represents more than a quarter of the total. Under these terms, Healthineers could be valued at up to 40 billion euros, considering that, in its present form, Siemens currently has a market capitalisation of almost 100 billion euros in Frankfurt.
Copyright (c) 2017 CercleFinance.com. All rights reserved.