Less is more for Siemens' medtech:
This article was originally published in Clinica
Siemens' medtech division had sales of DM5 billion ($2.8 billion) in the nine months ended June 30 1998, down from DM5.1 billion in the previous period. The German company says this represents a 12% increase when adjusted for acquisitions, divestments and organisational changes. Adjusted figures for new orders in the division rose 16% to DM5.8 billion. International sales are mainly responsible for the increase in turnover. Total sales were DM81.9 billion, up 15%.