GE Healthcare reports marginal growth in 2019

2020 01 29 18 12 5932 Ge Rsna 2019 400

Higher sales in its Life Sciences business helped GE Healthcare achieve slightly higher revenues for the fiscal fourth quarter of 2019 and the year.

For all of 2019 (end-December 31, 2019), revenues increased 1% to $19.942 billion, compared with $19.784 billion in 2018. Total orders also advanced 1% to $21.172 billion in 2019, compared with $20.897 billion in 2018. GE Healthcare's profit gained 5% to $3.896 billion last year, compared with $3.698 billion 2018.

The company reported that sales in the quarter for its Life Sciences business were up 2%, while the Healthcare Systems division was down 1%. Orders for the period were driven by growth in GE's Life Care Solutions, Services, and Ultrasound divisions; this growth was partially offset by GE's Imaging business.

In the fourth quarter of 2019, revenues climbed slightly to $5.402 billion, compared with $5.398 in the fourth quarter of 2018. Orders rose 2% to $5.896 billion in the quarter, compared with $5.756 billion in the same quarter of 2018. In addition, profit was up 2% to $1.183 billion, compared with $1.176 billion in 2018's fourth quarter.

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