Siemens - 1st quarter 2018'Digital Factory' and 'Mobility' stand out
Siemens has announced its figures for the first quarter: the company is growing in terms of both order intake and sales - thanks to strong contributions from the Mobility and Digital Factory Divisions. In contrast, the result of the Industrial Business declined.
The Digital Factory Division reported strong volume growth in all businesses. This was primarily due to short-cycle business with outstanding development that outperformed the market, according to Siemens. In the first quarter, the product lifecycle management software business grew very strongly, primarily due to the acquisition of Mentor Graphics (quarter 2/2017). However, this Mentor Graphics acquisition impacted profitability due to ongoing effects, including adjustments to deferred revenue and integration costs.