GE Healthcare has reported a 1 percent increase in fourth quarter revenues to $5.16 billion, and a slight drop—5 percent—in quarter profits to $953 million. However, the yearly revenue in 2011 rose 7 percent in 2011 over 2010—$18.08 billion versus $16.9 billion. Likewise, the healthcare unit’s yearly profits rose 2 percent from $2.74 billion in 2010 to $2.8 billion in 2011.
The Waukesha, Wis.-based GE Healthcare reported $3.1 billion in equipment orders worldwide for the 2011 fourth quarter, which is a 1 percent increase over the previous year’s fourth quarter. For services, GE Healthcare recorded $2.1 billion in orders worldwide, which represents a 1 percent drop over the previous year’s fourth quarter.
GE Healthcare did not break out how the healthcare product segments performed in their financial disclosures.
Overall, the parent company, General Electric, said they had their “strongest orders quarter in history, with a 15 percent increase over the fourth quarter of 2010 and a total of 28.6 billion orders worldwide. The energy unit had the strongest showing with a 33 percent increase."
“We expect continued volatility in 2012 and have prepared for it by investing in new products and technology, expanding our growth market footprint and taking important steps to strengthen risk management,” General Electric’s Chairman and CEO Jeffrey Immelt said in a statement.