Siemens 2nd quarter 2020No forecast for 2020
Siemens is suspending its forecast for 2020. The reason is the current situation. Nevertheless, the company "delivered a robust quarter despite complicated environmental conditions".
© Siemens
During Q2/2020, Siemens reorganized certain remaining regional business activities of Gas and Power, which were not carved out into Siemens Energy due to country-specific regulatory restrictions or economic considerations, into Portfolio Companies. In fiscal 2019, revenue and Adjusted EBITA of these activities amounted to €898 million and €117 million, respectively; the figures for the prior-year period are presented on a comparable basis.