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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According to Siemens, the 'Energy Management' division continues to develop promisingly and showed moderate sales growth. At 6.7%, profitability was close to the margin corridor and was driven by the high-voltage product business and the transmission technology solutions business. That leaves the ...