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FRANKFURT (Alliance News) - German medical technology company Siemens Healthineers reported on Thursday a slightly higher net profit in its fourth quarter compared to the same period of the previous year.
At the same time, adjusted earnings before interest and taxes (Ebit), a key earnings metric, declined from last year. The firm also issued its fiscal 2027 outlook.
The company's fourth-quarter net income attributable to shareholders edged up 0.3% to EUR599 million from EUR597 million in the prior year. Earnings per share increased to EUR0.53 from EUR0.52 a year ago.
Adjusted basic earnings per share rose 1.7% to EUR0.69 from EUR0.68 the previous year.
Adjusted EBIT declined 2% to EUR1.077 billion from EUR1.098 billion last year, and adjusted EBIT margin contracted to 15.9% from 17.4% last year.
Revenue climbed 7.3% to EUR6.784 billion from EUR6.322 billion a year ago, with comparable revenue growth of 5.9%.
The imaging segment achieved comparable revenue growth of 10%, and precision therapy reported comparable revenue growth of 4.8%, while diagnostics experienced a comparable revenue decline of 4.2%.
Looking ahead to fiscal 2027, the company expects comparable revenue growth of between 4% and 5% over fiscal year 2026. Adjusted basic earnings per share are projected in a range of EUR2.20 to EUR2.40.
In fiscal 2026, the company's comparable revenue growth was 4%, and adjusted basic earnings per share were EUR2.42.
Also on Thursday, Siemens Healthineers said it intends to change its name to Healthineers.
"The transition to Healthineers is the next step in the company's evolution to a fully standalone leading healthcare company," the company stated. "For Siemens, this step further sharpens the focus on executing its strategy: scaling industrial AI by combining the real and the digital worlds."
Siemens will be spinning off Siemens Healthineers in 2027, and the latter expects its "brand transition" to commence once the deconsolidation is complete.
Siemens Healthineers shares were marginally lower at EUR44.83 on Thursday afternoon in Frankfurt.
source: dpa
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