Siemens Healthineers is raising its 2022 targets after reporting positive first quarter results on demand for COVID testing.


The company said it expects 2022 comparable revenue growth of between 3% and 5% and adjusted basic earnings per share of between 2.18 and 2.30 euros ($2.46 – 2 $.60), compared to its previous forecast, which called for ranges of 0% to 2% and 2.08 to 2.20 euros, respectively.

Siemens Healthineers said its first-quarter revenue rose 31% to 5.07 billion euros, and adjusted profit before interest and tax (EBIT) rose 22% to 898 million euros.

Analysts polled by Refinitiv had on average expected revenue of 4.87 billion euros and EBIT of 774 million euros.

($1 = 0.8850 euros)



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