Siemens Healthineers: earnings miss consensus
(CercleFinance.com) - Siemens Healthineers has reported an 8% drop in quarterly net profit on Monday, hurt by supply difficulties and higher production costs.
The German healthcare equipment maker announced net profit of 364 million euros for Q3 (to end-June), compared with 395 million euros in the same period last year.
Operating profit also fell short at 765 million euros (consensus of 805 million euros).
The world's leading medical imaging company's revenue rose 3.7% to 5.2 billion euros in the quarter, although fell 5.7% excluding FX factors and changes in the group's consolidation scope - here it slightly exceeded the consensus of 5.15 billion euros.
However, the company confirmed its FY LFL sales growth forecast of 5.5% to 7.5%.
The DAX listed share was down about 7% in mid-morning trading on Wednesday.
The fact that the group announced increasingly pressing problems with supplies and logistics is not reassuring - this overshadows the good momentum enjoyed in terms of orders, one analyst said.
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