Siemens Healthineers AG today announced its results for the second quarter of fiscal year 2020 that ended March 31, 2020.
Q2 Fiscal Year 2020
Bernd Montag, CEO of Siemens Healthineers AG:
"We stand shoulder to shoulder with our customers as a strong partner during the global COVID-19 pandemic. With our globally leading products and solutions, we are delivering support wherever we can. Overall, our business has performed well in the second quarter despite the pandemic and growing economic turbulence around the globe. We have increased our profitability from the first quarter, and thereby kept the promise we made. Currently, there are no reliable forecasts for the duration or intensity of the COVID-19 pandemic. Consequently, from today’s point of view, it is also not possible to make assumptions related to business development with certainty. Nevertheless, the fundamental growth drivers of our business remain intact."
Link to the related press feature
As of beginning of fiscal year 2020, Siemens Healthineers applies the accounting standard IFRS 16, Leases. Comparative figures for the preceding fiscal year were not adjusted. Instead, the overall insignificant transition effects were recognized in equity as of October 1, 2019.
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This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures (financial key performance indicators) that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures may have limitations as analytical tools and should not be viewed in isolation or as alternatives to measures of Siemens Healthineers’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently, which may therefore not be comparable.
Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures to which they refer.
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Please find further explanations to our financial key performance indicators in chapter „A.2 Financial performance system“ and in the notes to the consolidated financial statements note 29 „Segment information“ in the Annual Report 2019 of Siemens Healthineers. Additional information on reconciliations is also included in the Analyst Presentation. These documents are available under the following internet link https://www.corporate.siemens-healthineers.com/investor-relations/presentations-financial-publications.