Siemens - Q4 and full year 2017'Digital Factory' is growing the fastest
Siemens has announced its figures for fiscal year 2017, which ended on September 30. The frontrunner in terms of turnover: the 'Digital Factory' division with an increase of 9% on a comparable basis - i.e. excluding currency translation and portfolio effects.
In the 'Digtial Factory' division, strong volume growth continued on a broad basis, which the Group attributes to continued strong performance in the short-cycle businesses. These in turn benefited from a favorable market environment - particularly in the automotive and mechanical engineering industries. The product life cycle management software business also grew strongly, primarily due to the acquisition of Mentor Graphics. In geographical terms, volumes increased in all reporting regions, with strong growth in China. Siemens explained the decline in earnings with higher expenses for personnel restructuring and ongoing expenses for the further development of the Siemens Mindsphere platform as well as charges in connection with the acquisition of Mentor Graphics.