Health & Fit Siemens Healthineers benefits from Corona Quick Tests
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The Medical Technology Group Siemens Healthineers has increased its annual forecast after strong growth in the past quarter.
Especially in sales, the Erlangen Siemens subsidiary was more optimistic on Friday. The company benefits from an exceptionally good business of its diagnostic division - thanks to the high demand for Corona rapid tests predominantly in Europe.
The strong dynamics from the past quarters continued, commented CEO Bernd Monday. Therefore, Healthineers raised the forecast for the third time in this financial year. The proceeds on a comparable basis - ie adjusted for currency effects as well as sales and sales - should now increase by 17 to 19 percent in the 2020/21 fiscal year. So far, Healthineers was expected to be up to 17 percent. With the Corona rapid tests, the company now wants to redeem a billion euros instead of 750 million euros. Even with adjusted earnings per share, the company was slightly more confident.
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In the third quarter of the year, Healthineers could also redeem around 5 billion euros thanks to the antigen rapid tests. These were compared to the same quarter of the previous year when the Corona crisis had burdened the business, 51 percent more. For the first time, the acquisition of the US Cancer Specialist Varian completed in April contributed.
all areas contributed to growth. The lion's share of sales controls the business with the imaging diagnostics to which computer tomographs count. However, the diagnostic division outlined and could almost double her revenues. The core business has developed positively in the course of normalization of testing for routine examinations, it was said. However,
a thrust brought the proceeds from the antigen rapid tests, which amounted to around 600 million euros. Thus, the business should have reached its climax, declared financial board Jochen Schmitz. Now let's expect a significant weakening. This is a significant price decline in the tests.
Healthineers earned significantly more. After taxes, profit increased by 46 percent to 395 million euros. The numbers were about the expectations of experts.
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