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.
... Mobility' had a good year thanks to the consistent processing of orders. The division was able to book several major orders, such as for local trains in Austria and for the US customer San Diego Metropolitan Transit. The decline in sales was expected, as it was mainly due to the scheduled processing of major rail projects and the associated delays in the timing of sales in this business. For the remaining quarters of the 2017 fiscal year, Siemens expects Mobility to achieve significant growth in business volume. Kaeser is "very pleased" not least ...