Siemens - the 3rd quarter of 2019'Digital Industries' and 'Gas and Power' cause concern
Despite considerable headwinds in key markets, Siemens grew its order intake and revenue in the third quarter of 2019. EBITA and profit, on the other hand, fell, mainly due to declines in 'Digital Industries' and 'Gas and Power'. The figures in detail.
The growth in Siemens' revenue in the third quarter of 2019 was driven by a strong increase at Siemens Gamesa Renewable Energy (SGRE) and a significant increase at Siemens Healthineers. The same applies to order intake: SGRE, for example, won two orders totaling €2.3 billion for offshore wind farms, including services. 2.3 billion for offshore wind farms including services in Taiwan; the Mobility division recorded a major order worth €1.2 billion for high-speed trains including maintenance in Russia.