Earnings

Siemens Healthineers Q4 profit jumps 36% on strong sales growth

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Confident we'll grow by more than 5% in coming years: Siemens Healthineers CEO

Siemens Healthineers on Monday posted a better-than-expected 36% increase in fourth-quarter net profit, to 507 million euros ($566.1 million), as sales of its hospital equipment were much stronger than expected.

Analysts polled by the company on average had forecast net profit of 483 million euros, after a 374 million euros result a year earlier.

Comparable sales growth of 8% beat expectations for a 5.5% expansion.