Siemens Healthineers AG: Q1 results significantly better than market expectations; Outlook for FY2021 raised

·4-min read

Siemens Healthineers AG / Key word(s): Change in Forecast/Quarterly / Interim Statement
Siemens Healthineers AG: Q1 results significantly better than market expectations; Outlook for FY2021 raised

26-Jan-2021 / 19:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Q1 results significantly better than market expectations; Outlook for FY2021 raised

Based on our broad portfolio and strong global presence we were able to meet pandemic-related demands. At the same time, our assumption for a further normalization of demand for standard procedures to pre-pandemic levels has been re-affirmed. The combination of these two factors was the basis for a very strong performance in Q1 FY2021.

- Revenue: €3,868 m (PY: €3,587 m), comparable growth +13.3% y-o-y

- Adjusted EBIT: €738 m (PY: €487 m)

- Adjusted EBIT margin: 19.1% (PY: 13.6%)

- Adjusted basic earnings per share: €0.49 (PY: €0.36)

Imaging

With a very strong start into the fiscal year, the Imaging segment benefitted from growth in all business lines. In particular the business line Computed Tomography posted clear double-digit growth y-o-y, with products for pandemic-related demands contributing significantly.

- Revenue: €2,319 m (PY: €2,221 m), comparable growth +9.3% y-o-y

- Adjusted EBIT: €542 m (PY: €387 m)

- Adjusted EBIT margin: 23.4% (PY: 17.4%)

Diagnostics

The Diagnostics segment saw a significant contribution from pandemic-related products, in particular the rapid antigen test of our point of care business generated €130 million of revenues. The core business saw a return to growth.

- Revenue: €1,183 m (PY: €1,013 m), comparable growth +23.5% y-o-y

- Adjusted EBIT: €137 m (PY: €32 m)

- Adjusted EBIT margin: 11.6% (PY: 3.1%)

Advanced Therapies

The segment Advanced Therapies saw a return to good revenue growth.

- Revenue: €412 m (PY: €404 m), comparable growth +6.3% y-o-y

- Adjusted EBIT: €78 m (PY: €79 m)

- Adjusted EBIT margin: 18.8% (PY: 19.6%)

Siemens Healthineers Outlook

The managing board decided today to raise the outlook for FY2021 to 8% - 12% comparable revenue growth (from previously 5% - 8%) and to increase the expected adjusted basic earnings per share range to 1.63 - 1.82 € per share (from previously 1.58 - 1.72 €).

The conversion from the additional revenues to earnings per share will be softened by higher expenses for variable compensation and stronger FX headwinds versus the previous guidance.

The outlook was raised based on the ongoing pandemic related demands and a higher confidence in the normalization of the underlying business. The assumption for the rapid antigen test revenues now is for €300-350 million revenues (versus the previous assumption of about €100 million revenues). Given the dynamic of the pandemic, we assume that the pandemic-related demand from Q1 will not persist to the same extent through the remaining FY2021 and beyond. The further assumptions of the previous outlook remain unchanged.

Siemens Healthineers will publish its full earnings release for the Q1 of FY2021 on February 1, 2021.

Please find further explanations regarding our financial key performance indicators in chapter "A.2 Financial performance system" and in the notes to the consolidated financial statements note 29 "Segment information" in the Annual Report 2020 of Siemens Healthineers. The document can be found under the following internet link https://www.corporate.siemens-healthineers.com/investor-relations/presentations-financial-publications .

 

 




Contact:
Marc Koebernick
Head of Investor Relations
Henkestr. 127
91052 Erlangen
+49 (0) 9131-84-2676
marc.koebernick@siemens-healthineers.com

26-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Siemens Healthineers AG

Henkestr. 127

91052 Erlangen

Germany

Phone:

+49 800 188 188 5

Fax:

+49 9131 844552

E-mail:

contact@healthcare.siemens.com

Internet:

https://www.corporate.siemens-healthineers.com

ISIN:

DE000SHL1006

WKN:

SHL100

Indices:

MDAX, TecDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1163498


 

End of Announcement

DGAP News Service

show this
show this