Acquisitions boost Siemens in Q1

Jan 27, 2008

Sales from recent acquisitions helped the healthcare division of German industrial conglomerate Siemens AG kick off fiscal-year 2008 with increases in both revenues and profit in its first fiscal quarter (end-December 31).

Revenues at Siemens Medical Solutions increased to $2.65 billion euros ($3.86 billion U.S.), up 26% compared with $2.1 billion euros ($3.06 billion) in the first quarter of fiscal year 2007. The division's profit rose to $332 million euros ($484 million), a gain of 9% over $304 million euros ($443.8 million) in the same quarter of fiscal-year 2007.

New orders also advanced in the first quarter to $2.8 billion euros ($4.08 billion), compared with 2.21 billion euros ($3.22 billion) in the same quarter last year.

Parent company Siemens AG credited the rise in first-quarter results to its healthcare division's ability to more than offset the effect of negative currency trends and a weaker U.S. market through new volume from acquisitions.

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$35-year-old transgender woman presents with (A) a 3D CT reformation of the face in the sagittal plane showing a left mandibular fracture (arrow). (B) An axial head CT image from one of three head CT studies over the last two years reveals right periorbital soft tissue swelling (arrow). The radiologist reader suspected intimate partner violence based on radiology reports, which was subsequently confirmed through clinical note examination. Image courtesy of the RSNA.$