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Siemens announced Thursday that fourth-quarter profit in its healthcare unit rose 13 percent year-over-year to 696 million euros ($749 million), while revenue increased 7 percent to 3.6 billion euros ($3.9 billion).The company said orders in the division grew 7 percent over the year-ago period to 3.8 billion euros ($4.1 billion).
According to Siemens, orders and revenue increased in all businesses, "benefiting from currency translation tailwinds," with all regions contributing to volume growth except Europe and the Commonwealth of Independent States, Africa and the Middle East, which had a "slight decline in orders." Profit, which also benefited from currency tailwinds, was "driven by the imaging and therapy systems business," which Siemens said "continued to account for the largest share of healthcare profit overall."
CEO Joe Kaeser remarked "we delivered what we promised and are well prepared to deliver on our plans for the year ahead." DZ Bank analysts called the results "better than expected," while Jefferies analysts called the figures "quite good."
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