Charges hurt Siemens Healthcare Q4 results
Article Thumbnail ImageNovember 15, 2010 -- A strong performance in Siemens Healthcare's Imaging & IT division was more than overcome by significant goodwill impairment charges in other Siemens healthcare business units in the fourth quarter.
Member Sign In:
  MemberID or E-mail Address:
  Password:
(?)

New AuntMinnie.com Members

Becoming a Member is FREE!

  • Real-time radiology-specific news
  • Case of the Day and Teaching Files
  • Focused topics digital communities
  • Lively, discussion groups
  • Medical imaging bookstore
  • SalaryScan
  • Job Boards
  • Online CME
  • Bookstore, market reports, more …
  • Conference Calendar
  • User-controlled eNewsletters
  • … registration is FREE and easy!
  • For the period (end-September 30), the Erlangen, Germany-based division posted revenues of 3.4 billion euros ($4.8 billion U.S.), up 9% on an actual basis and 1% on a currency-adjusted basis from the 3.1 billion euros ($4.7 billion U.S.) reported from the fourth quarter last year.

    Thanks to impairment charges of 1.2 billion euros ($1.7 billion U.S.) in its Diagnostics division and 96 million euros ($133.7 million U.S.) in charges in its Workflow & Solutions unit, Siemens Healthcare had a net loss of 772 million euros ($1.1 billion U.S.) in the fourth quarter; a year ago, Siemens had a 2009 fourth quarter with net income of 483 million euros ($672.5 million U.S.).

    In quarterly highlights, the Imaging & IT division produced profit of 392 million euros ($545.8 million U.S.), a 10% increase from the fiscal 2009 fourth quarter. Siemens credited the earnings growth in part to higher revenue and a favorable product mix. Double-digit order growth in the Americas also included strong demand in the U.S., Siemens said.

    Related Reading

    Siemens partners with ScImage, November 15, 2010

    Siemens offers PERCIST tool for oncology, November 3, 2010

    Siemens celebrates CT milestone, November 2, 2010

    Siemens scores $25M Rush contract, October 26, 2010

    Siemens targets breast cancer awareness, October 13, 2010

    Copyright © 2010 AuntMinnie.com


    || About || Advertising || AuntMinnieCME.com || Bookstore || Breast MRI || Career Center || Case of the Day || Communities || Conferences || Contact Us || ECR News 2014 || Education || Equipment Classifieds || Europe || Facebook || Forums || Home || Links || Marketplace || Middle East || Mobile || Molecular Breast Imaging || New Installations || News in Brief || People in the News || Privacy Policy || RSNA News 2013 || Reference || Salary Survey Results || Trends in Radiology || Twitter || Vendor Connect || Webinars || XML/RSS ||

    Copyright © 2014 AuntMinnie.com. All Rights Reserved.