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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... eight out of nine divisions are within or very close to the target corridor; the only 'outlier' is the Process Industries and Drives division, which is also making good progress. The 'Digital Factory' division achieved the highest result and the greatest growth, boosted by a profit of EUR 172 million in connection with the eCar business, which was transferred to a joint venture. However, Group CEO Joe Kaeser is likely to be less pleased ...