© Siemens

The 'Energy Management' division recorded a sharp decline in incoming orders due to the high comparative basis in the previous year, which had included a major order totaling EUR 0.8 billion in the transmission solutions business for a grid connection project for offshore wind farms in Germany. All other businesses recorded increases on a comparable basis. The division also increased its sales on a comparable basis, led by the low-voltage technology, medium-voltage technology and systems businesses, although this was partially offset by a decrease in the transmission solutions business