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| Siemens healthcare plans to IPO next year |
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| Author：中國銘鉉 企劃部 Release Time：2017-8-4 11:16:25 Number Browse：640 |
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Medical network on August 4 - German industrial giant Siemens 3, announced that its medical business plan in the first half of next year's initial public offering (IPO), the valuation is expected to reach 40 billion euros ($47 billion). The company hopes to have its own capital to make acquisitions and investments.
In 2014, Siemens sold clinical IT, hearing aid and other health care business units for its focus on its core business, and spun off other health care services. In May 2016, Siemens announced that it would operate its healthcare business as a unified brand of "Siemens Healthineers". Last November it added that Healthineers were split, valuing the business at about $15bn.
Siemens, according to results released on the day of the end of June in the third quarter net profit of 1.46 billion euros ($1.73 billion), up 6.6% from a year earlier, better than analysts had expected $1.36 billion. Revenue rose 3 per cent to 21.4 billion euros, less than expected. Orders fell 9% to 198.200 million, significantly below expectations of 2% growth. Siemens expects its current fiscal year 2017 to be between 11% and 12%, with underlying earnings per share of 7.2 to 7.7 euros.
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