{"id":26923,"date":"2022-08-12T22:17:00","date_gmt":"2022-08-12T14:17:00","guid":{"rendered":"https:\/\/flcube.com\/?p=26923"},"modified":"2025-02-15T22:25:33","modified_gmt":"2025-02-15T14:25:33","slug":"siemens-healthineers-q3-2022-results-show-decline-amid-covid-19-impact","status":"publish","type":"post","link":"https:\/\/flcube.com\/?p=26923","title":{"rendered":"Siemens Healthineers Q3 2022 Results Show Decline Amid COVID-19 Impact"},"content":{"rendered":"\n

Siemens Healthineers AG (ETR: SHL<\/a>) released its financial results for the fiscal year Q3 2022 period ending June 30. The company reported global revenues of EUR5,186 million (USD5,279 million) over the three months, marking a 5.7% year-on-year (YOY) decline in constant currency terms. This decline was primarily attributed to a significant drop in COVID-19 antigen test sales, which had driven a 38.9% growth surge last year. Excluding the impact of rapid COVID-19 antigen tests, revenues were up by 0.9%.<\/p>\n\n\n\n

Geographical Performance<\/strong>
The Europe, C.I.S., Africa, Middle East (EMEA) region saw a 27% drop in revenues to EUR1,494 million. In contrast, North America sales rose by 15% to EUR2,374 million. Asia\/Australia revenues shrank by 1% to EUR1,318 million, with China revenues down by 9% to EUR609 million (USD620 million) for the quarter and also down by 9% for the Q1-Q3 period to EUR1,812 million (USD1,844 million).<\/p>\n\n\n\n

Segment Performance<\/strong>
Diagnostics sales were down by 23.9% to EUR1,409 million (USD1,434 million), significantly impacted by China’s COVID-19-related lockdowns. Imaging sales increased by 2.5%, while the newly acquired Varian segment rose by 8.2%, and Advanced Therapies by 8%.<\/p>\n\n\n\n

CFO Comments<\/strong>
During the earnings conference call, CFO Jochen Schmitz noted a double-digit decline in China’s diagnostics revenue, specifying it was in the “high-teens” rather than low-teens. He attributed this entirely to the COVID-19 lockdowns in various cities that brought sales to a halt. China’s diagnostics sales account for approximately 15% of Siemens Healthineers’ global diagnostics business.-Fineline Info & Tech<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Siemens Healthineers AG (ETR: SHL) released its financial results for the fiscal year Q3 2022…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAownpewDA:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7],"tags":[1555,27,223],"class_list":["post-26923","post","type-post","status-publish","format-standard","hentry","category-company","tag-etr-shl","tag-finanical-reports","tag-siemens-healthineers"],"yoast_head":"\nSiemens Healthineers Q3 2022 Results Show Decline Amid COVID-19 Impact - Insight, China's Pharmaceutical Industry<\/title>\n<meta name=\"description\" content=\"Siemens Healthineers AG (ETR: SHL) released its financial results for the fiscal year Q3 2022 period ending June 30. 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