3 of 11
3_Earnings of the industrial business and margins and target ranges at Siemens in the third quarter of 2017
© Siemens

The result of the Industrial Business increased by 3% toEUR 2.3 billion. As expected, negative merger and acquisition-related effects in connection with Gamesa and Mentor Graphics Corporation (Mentor Graphics) reduced the earnings margin of the Industrial Business to 10.4%.

3 of 11