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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Business development in the Process Industries and Drives division in the first quarter of 2017 at Siemens
© Siemens

... is struggling with continued weak demand in industries related to raw materials. However, strong incoming orders were recorded for wind power components. The market environment also remains challenging ...

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