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Flat sales for Siemens medtech in first quarter:

This article was originally published in Clinica

Executive Summary

Siemens' medtech division had sales of DM1.3 billion ($700 million) in the first quarter (ended December), compared with DM1.6 billion. Adjusted for acquisitions, divestments and organisational changes, the German company says this represents a sales increase of 1%. Growth continues to come mainly from international markets, although the domestic market also reported an increase. Total sales were DM24.9 billion compared with DM20.9 billion.

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