Siemens Healthineers sees 1st fruit from ultrasound turnaround

Reuters — Siemens (NYSE:SI) is seeing the 1st signs of success from a turnaround of its underperforming medical ultrasound business, Siemens Healthineers CEO Bernd Montag said yesterday.

“We know we can do better and we will do better. We have a clear multi-year plan to turn this business around. We aim for a leading position in general imaging and cardiology,” Montag told analysts during a webcast presentation.

Siemens plans to list the €13.5 billion ($14.8 billion) Healthineers business, saying it’s exploring 3 avenues but declining to provide details.

Healthineers executives kept to that line in a Q&A during yesterday’s webcast, offering no comment on the company’s plans for the healthcare division.

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