Siemens posts moderate revenue growth in Q1

2018 12 13 19 13 9250 Siemens Rsna 2018 400

Higher CT and molecular imaging sales helped Siemens Healthineers achieve moderate revenue growth in its Imaging business for the 2019 fiscal first quarter.

For the period (end-December 31, 2018), Siemens had revenue of 2.02 billion euros ($2.31 billion U.S.), up 3% on a comparable basis from the 1.94 billion euros ($2.22 billion) recorded in the 2018 fiscal first quarter. The company highlighted particularly strong growth contributions from CT and molecular imaging during the period; on a geographic basis, the company saw strong growth in the Americas region.

The Imaging business had profit of 396 million euros ($452.5 million), compared with 371 million euros ($424 million) in the same quarter a year ago. The Imaging division's profit margin improved despite negative currency effects, mostly thanks to volume and the company's cost-savings program.

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