Siemens medical group shows strong Q3

Multimodality vendor Siemens Medical Solutions of Erlangen, Germany posted a fiscal third-quarter profit of 332 million euros ($380.5 million, U.S.), compared with a profit of 243 million euros ($278.5 million) for the same period in 2002. The medical division enjoyed the highest profit of all Siemens business groups, the company reported.

Currency fluctuations took a toll on sales and order growth for the quarter (end-June 30). The medical group reported revenues of 1.721 billion euros ($1.972 billion), a decrease of 9% compared with figures from a year ago. Orders were impacted as well, showing a third-quarter total of 1.702 billion euros ($1.951 billion), a decline of 11% from the same period the previous year.

After accounting for currency effects, sales grew 4% and orders rose 1% compared to last year’s third quarter. The gains occurred in spite of slower market growth, particularly in the U.S., according to the company.

By AuntMinnie.com staff writers
July 24, 2003

Related Reading

Siemens, MGH to partner on molecular imaging, July 22, 2003

Siemens negotiates deal with CareCore National, July 17, 2003

Siemens releases secure messaging, July 2, 2003

Siemens offers HIPAA classes, June 27, 2003

Siemens unveils MagicStore , June 26, 2003

Copyright © 2003 AuntMinnie.com

Latest in Industry News
Page 1 of 3500
Next Page