Siemens - 1st quarter 2017'Digital Factory' division stands out

Siemens CEO Joe Kaeser looked back on a strong first quarter at the 2017 Annual Shareholders' Meeting: although order intake fell, earnings exceeded the company's own expectations. The 'Digital Factory' division contributed to this in particular.

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Revenue development in the first quarter of 2017 at Siemens
© Siemens

According to Siemens, the increase in sales to €19.1 billion was partly due to a dynamic upturn in the short-cycle business. The turnover of the Industrial Business does not include Financial Services. As far as the result or margin is concerned, ...

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