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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... order growth in the first nine months, a lower volume of major orders in the Wind Power and Renewables sector led to significant declines. However, there was a significant increase in sales revenue in the new installations business in the offshore sector despite negative currency translation effects. In the ...