Signify Premium Insight: To Aspire and to Acquire – Imaging Vendor Financials Q3 2023

Published: November 28, 2023

The third quarter of 2023 was, on the face of it, a positive one for many of the imaging vendors tracked by Signify Premium Insights.

Siemens Healthineers enjoyed a strong quarter, announcing Imaging revenues four percent higher than the same quarter a year earlier at Eur3,325m, up from Eur3,198m. Philips’ Diagnosis and Treatment business, meanwhile, enjoyed revenues six percent higher in Q3 2023 compared to the same quarter in 2022 with sales of Eur2,201m compared to Eur2,071m.

GE HealthCare also performed admirably over the quarter, posting revenues for its imaging division five percent higher than the prior year quarter at $2.6bn, with EBIT margins up at 12.1 percent, up from 10.6 percent a year earlier. Albeit, this increase came as Ultrasound revenues declined one percent against a tough comparable quarter a year earlier.

However, this positivity may mask some significant challenges looming on the horiz

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