Siemens2016 financial year a "historic success"
In the 2016 fiscal year, Siemens exceeded its forecast for the year, which had been raised several times, thanks to a strong industrial business. The company also expects a double-digit earnings margin in this area in 2017, despite a difficult environment.
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... things are going well in the Power and Gas Division: Siemens has to report a sharp decline in order intake for the fourth quarter, caused by a lower volume of major orders. Sales revenues, on the other hand, are increasing due to what Siemens describes as good order backlog processing, including in particular the major orders from Egypt. After an extremely strong ...