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.
... the 'Digital Factory' segment stands out - as already mentioned. The sales increases here were mainly driven by very high demand from China, good business in the USA and stable demand from Germany. According to Joe Kaeser, the short-cycle businesses in all three regions are showing significant growth and the business in China in particular is benefiting from a renewed increase in demand in a wide range of industries, such as automotive manufacturing. The Process Industries and Drives division ...