Siemens - 2nd quarter 2018
'Digital Factory' sees double-digit growth
Siemens has announced its figures for the second quarter of fiscal year 2018: Group-wide, comparable sales were on a par with the previous year. Broken down into the individual business units, 'Digital Factory' recorded the highest growth.
Specifically, Siemens generated revenue of €20.1 billion in the second quarter of 2018. At €22.3 billion, order intake was 2% lower than in the previous year. On a comparable basis - i.e. excluding currency translation and portfolio effects - order intake fell by 1%. The result of the industrial business amounted to €2.3 billion and was thus 8% lower than in the previous year. According to Siemens CEO Joe Kaeser, this was primarily due to the market-driven decline in earnings of €325 million in the Power and Gas (PG) segment.
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