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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The Mobility business division increased its order intake by almost 20%. This included, in particular, an order worth EUR 1.2 billion for high-speed trains including maintenance from Russia and an order worth EUR 0.2 billion for streetcars from Germany. Despite negative effects due to the timing of the processing of major train orders, sales remained almost at the previous year's level.