Quarterly figures Q2/2021Jump in profits for Siemens
Siemens' profit rose from 697 million to 2.4 billion euros compared to the previous year. This was driven by the automotive industry, mechanical engineering and software activities. The Flender sale did the rest.
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Strong earnings contribution from the debt financing business, mainly due to a very sharp decline in expenses for loan loss provisions compared to Q2 FY 2020, when results were significantly impacted by the start of the global spread of COVID-19.
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