
Sales are expected to increase by four to five percent, and the dividend will remain at one euro
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Siemens Healthineers increased sales by four percent to 23.63 billion euros in the 2025/26 financial year. Adjusted EBIT fell slightly to 3.82 million euros and fell slightly short of analyst expectations.
Erlangen. The medical technology group Siemens Healthineers expects at best a stagnating profit for the new financial year 2026/27 (at the end of September). The Siemens subsidiary announced on Thursday in Erlangen that sales will increase by four to five percent. Adjusted earnings per share will be between 2.20 and 2.40 (2025/26: 2.42) euros.
In 2025/26, Siemens Healthineers increased sales by four percent to 23.63 billion euros, which was at the upper end of the target range that was lowered in the summer. Adjusted earnings before interest and taxes (EBIT) fell slightly to 3.82 (2025/26: 3.86) million euros and thus fell slightly short of analysts' expectations. The dividend is expected to remain stable at 1.00 euros per share; the experts had expected five cents more.

Commerzbank increased its profit in the third quarter by 45 percent to 859 million euros, but slightly missed market expectations and lowered its forecast for net interest income from 8.6 to 8.5 billion euros. Before the planned takeover by Unicredit, concerns about employee layoffs and customer exodus are growing.
Bosch is planning to cut 750 jobs in the mobility division at its Abstatt site in Baden-Württemberg by the end of 2029. Together with the 900 jobs already announced in Nuremberg, the workforce reduction in Germany increases to 23,650 jobs. The company cites competition with Chinese manufacturers and the relocation of development to China as reasons.

Deutsche Telekom increased sales and profits in the third quarter and slightly raised its full-year targets. The group also plans to increase the dividend for 2026 to 1.10 euros per share and to buy back shares of up to two billion euros.

After the euphoric reaction to the US election results, the DAX is moving closer to its record level of 26,619 points. IG Markets estimates the index at 26,561 points before the Xetra opening. Wall Street and Asian markets are also reacting, while falling oil prices could ease inflationary pressures.

Several companies have revised their annual forecasts upwards following strong quarterly figures. Hensoldt is raising the sales target to around 2.8 billion euros, Novo Nordisk is increasing its targets for the third time this year, and Siltronic is benefiting from the AI boom. Auto1, Scout24 and Heidelberg Materials also report positive developments, while BMW is burdened with a massive decline in profits and another profit warning.

The clear victory of the Democrats in the US midterm elections is dominating market events. The Dax is around 0.7 percent lower premarket. BMW, Continental, Fresenius and Heidelberg Materials present quarterly figures, Eurostat publishes its first inflation estimate for October in the euro area.