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.
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Order growth in the solutions and service business as well as in the systems and software business was largely determined by higher volumes from larger orders in the 'Smart Infrastructure' division. Incoming orders in the product business were almost on a par with the previous year. Sales growth in the product business was attributable to low-voltage products.