Medical leads Siemens business units

Article

Siemens AG's Medical Engineering Group led all other Siemens business units in revenue growth for the first quarter (end-December), the German industrial conglomerate reported last month. Medical Engineering also recorded strong growth in earnings and

Siemens AG's Medical Engineering Group led all other Siemens business units in revenue growth for the first quarter (end-December), the German industrial conglomerate reported last month. Medical Engineering also recorded strong growth in earnings and market share, another sign that the division's turnaround is complete.

For the quarter, Medical Engineering reported revenues of $1 billion, compared with $768 million in the previous period, an increase of 24%. Medical Engineering was also one of two Siemens divisions that reported the biggest improvement in earnings, although specific profit numbers were not released. Orders, however, were lower than in the first quarter of 1998. Medical Engineering reported order volume of $1.06 billion, down about 3%.

Siemens is enjoying the benefits of a restructuring started in 1997 and designed to improve the division's profitability. The positive numbers should help dispel rumors that Siemens AG would agree to sell the Medical Engineering to Picker parent General Electric Company (see story, page 1).

Recent Videos
Emerging Insights on the Use of FES PET for Women with Lobular Breast Cancer
Can Generative AI Reinvent Radiology Reporting?: An Interview with Samir Abboud, MD
Mammography Study Reveals Over Sixfold Higher Risk of Advanced Cancer Presentation with Symptom-Detected Cancers
Combining Advances in Computed Tomography Angiography with AI to Enhance Preventive Care
Study: MRI-Based AI Enhances Detection of Seminal Vesicle Invasion in Prostate Cancer
What New Research Reveals About the Impact of AI and DBT Screening: An Interview with Manisha Bahl, MD
Can AI Assessment of Longitudinal MRI Scans Improve Prediction for Pediatric Glioma Recurrence?
A Closer Look at MRI-Guided Adaptive Radiotherapy for Monitoring and Treating Glioblastomas
Incorporating CT Colonography into Radiology Practice
What New Research Reveals About Computed Tomography and Radiation-Induced Cancer Risk
Related Content
© 2025 MJH Life Sciences

All rights reserved.