Siemens"Fully on track" in the third quarter
The third quarter was "solid", announces Joe Kaeser, CEO of Siemens. In concrete terms, this means sales growth, an increase in profit - but also a decline in order intake.
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The result of the Industrial Business increased by 3% toEUR 2.3 billion. As expected, negative merger and acquisition-related effects in connection with Gamesa and Mentor Graphics Corporation (Mentor Graphics) reduced the earnings margin of the Industrial Business to 10.4%.