Siemens Healthineers posts Q3 revenue increases

2019 02 01 21 48 6914 Siemens Rsna 2018 400

Siemens Healthineers posted strong overall revenue growth as well as growth in its Imaging business in the third quarter of fiscal 2019 (end-30 June).

For the quarter, the company posted earnings of 3.569 billion euros, up 6% compared with 2018's 3.3 billion euros, after adjusting for currency effects. Net income was 353 million euros, an increase of 20% over 2018's 293 million euros.

The revenue growth was led by the company's Imaging division, which posted total revenue of 2.186 billion euros, representing growth of 8% compared with revenues of 1.976 billion euros in the third quarter of fiscal 2018.

The Imaging group's profit was 407 million euros, compared with 333 million euros in the corresponding quarter of 2018. The division's profit margin increased from 16.8% in the third quarter of 2018 to 18.6% this year. Siemens attributed the growth to equipment sales and service, particularly in CT and molecular imaging.

For the nine months ending 30 June, the company posted revenues of 10.376 billion euros, compared with 9.725 billion for the same period in 2018. Net income was 1.078 billion euros, compared with 910 million euros last year.

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