In detail: the fourth quarter of 2016 and 2016 as a whole

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In the fourth quarter, Siemens had to announce a decline in order intake and sales in the Process Industries and Drives division. The reason: continued weakness in the oil and gas market and in other commodity-related markets. However, there is still strong demand for components for wind turbines. Earnings will be impacted by EUR 199 million in personnel restructuring expenses in connection with the capacity adjustments already announced . The situation is better at ....