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Siemens Healthineers (SHL) investor relations material
Siemens Healthineers Status update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 financial performance highlights
Imaging and Precision Therapy revenue grew 6% with strong margins, maintaining a 15% EBIT margin despite tariff and FX headwinds.
Equipment book-to-bill ratio was 1.12, indicating robust demand.
Moody's awarded a strong investment grade rating.
Diagnostics revenue declined 3.1%, with margin at 2.1% due to structural changes in China.
Diagnostics segment challenges and outlook
Diagnostics faced headwinds from volume-based procurement and reimbursement cuts in China, plus unfavorable sales mix.
Major distribution and OEM partners in China ordered below expectations, with no catch-up expected.
Second half expected to improve with OEM volume recovery, core lab growth, and cost reductions from ongoing transformation.
Nearly 70% of core lab revenues now come from Atellica, with strong instrument deliveries and a major win in Brazil.
Strategic flexibility for Diagnostics remains intact, with further updates likely this year.
Imaging and Precision Therapy segment performance
Imaging and Precision Therapy, representing 80% of group revenue, outperformed expectations.
Imaging saw margin expansion despite 250bps headwinds from tariffs and FX, driven by photon-counting CT and radiopharmaceuticals.
Radiopharmaceuticals expected to reach $1 billion in revenue, with unique margin structure.
Precision Therapy grew nearly 6%, with Varian posting 9% growth and strong profitability.
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