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Siemens Healthcare's 2012 profits soar 36%

Thu, 11/08/2012 - 5:26pm
Mass Device

Profits for Siemens Healthcare rose more than 36% during fiscal 2012 on a 9% sales increase.

Siemens

Siemens (NYSE:SI) saw its fiscal 2012 profits plunge by more than 27%, despite a strong contribution from its healthcare segment.

The German industrial conglomerate reported profits of about $5.85 billion (€4.59 billion), or $6.43 per share (€5.04), on sales of $99.81 billion (€78.30 billion) during the 12 months ended Sept. 30. That's a top-line gain of 6.9%, but a bottom-line plunge of 27.4%.

The numbers were much better for Siemens Healthcare, which reported profits of $2.31 billion (€1.82 billion) on sales of $17.39 billion for FY 2012. That's a bottom-line gain of 36.1% on sales growth of 9.0%.

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