Siemens Healthineers Sees Slow 2027 Growth

Siemens Healthineers projected slower fiscal 2027 revenue growth due to ongoing weakness in the Chinese diagnostics market. The company expects comparable revenue growth of four to five percent.

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FILE PHOTO: Employees at Siemens Healthineers work on a MRI device in Erlangen, Germany, July 8, 2024. REUTERS/Angelika Warmuth/File Photo

SIEMENS HEALTHINEERS AG forecast fiscal 2027 comparable revenue growth of 4%-5% on Thursday morning, missing analyst expectations of 5.5%. The Germany-based medical technology group pointed to persistent weakness in its diagnostics business across China. The lowered outlook triggered a 5% drop in pre-market share trading.