Press release

Siemens Healthineers enters new fiscal year with sustained strength in orders and confirms outlook

Siemens Healthineers AG today announces its results for the first quarter of fiscal year 2023, ending December 31, 2022. 

Published on February 2, 2023
<p><strong>Q1 Fiscal Year 2023 </strong></p><ul><li>Broad-based equipment order growth in double-digit percentages; equipment book-to-bill ratio of 1.36&nbsp;</li><li>Comparable revenue decline of 4.5% from strong prior-year quarter due to markedly lower revenue from rapid COVID-19 antigen tests, as expected; excluding antigen tests, comparable revenue growth of 0.7%&nbsp;</li><li>Imaging showed solid comparable revenue growth of 5.2% and a clear improvement in adjusted EBIT margin of 100 basis points year-over-year to 20.9%&nbsp;</li><li>Diagnostics revenue down 23.7% on a comparable basis, mainly due to a markedly lower contribution from rapid COVID-19 antigen tests and the COVID-19 situation in China; adjusted EBIT margin slightly negative at -2.2% due to transformation costs&nbsp;</li><li>Varian comparable revenue down 4.5% and adjusted EBIT margin of 14.5%, hampered by delays at a supplier that have since been resolved&nbsp;</li><li>Advanced Therapies comparable revenue growth at a solid 5.0% and adjusted EBIT margin of 11.6%&nbsp;</li><li>Lower overall adjusted EBIT margin of 12.7% weighed down by lower contributions from rapid COVID-19 antigen tests, cost increases – particularly for procurement and logistics – and transformation costs in Diagnostics&nbsp;</li><li>Adjusted basic earnings per share below prior-year quarter at €0.47 </li></ul><p><strong>Outlook for Fiscal Year 2023 </strong></p><p>We confirm our expectation for comparable revenue growth of -1% to 1% (6% to 8% excluding revenue from rapid COVID-19 antigen tests) and adjusted basic earnings per share of €2.00 to €2.20.&nbsp;</p><p><strong>Bernd Montag, CEO of Siemens Healthineers AG: </strong></p><p><em>»Our consistently strong equipment order growth underscores the trust that customers have in our innovation leadership. This gives us great momentum to achieve our full-year targets.«</em></p>

Siemens Healthineers 2023

Siemens Healthineers AG (listed in Frankfurt, Germany: SHL) pioneers breakthroughs in healthcare. For everyone. Everywhere. As a leading medical technology company headquartered in Erlangen, Germany, Siemens Healthineers and its regional companies are continuously developing their product and service portfolio, with AI-supported applications and digital offerings that play an increasingly important role in the next generation of medical technology. These new applications will enhance the company’s foundation in in-vitro diagnostics, image-guided therapy, in-vivo diagnostics, and innovative cancer care. Siemens Healthineers also provides a range of services and solutions to enhance healthcare providers’ ability to provide high-quality, efficient care. In fiscal 2022, which ended on September 30, 2022, Siemens Healthineers, which has approximately 69,500 employees worldwide, generated revenue of around €21.7 billion and adjusted EBIT of almost €3.7 billion. Further information is available at www.siemens-healthineers.com.