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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Siemens Gamesa Renewable Energy' was the frontrunner in terms of order growth in the third quarter due to a higher volume of major orders, including two major orders for offshore wind farms including services in Taiwan totaling and several major orders in the onshore business, mainly in the USA. Sales revenue increased in all businesses, driven by very strong growth in the offshore business.
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