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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The double-digit sales growth in 'Wind Power and Renewables' was primarily driven by the offshore business in Europe. Profitability was at the upper end of the margin range. In this way, the division is very well prepared for the planned merger with the Spanish company Gamesa. Another strong quarter ...