Siemens 1st quarter 2020Cautious start to the new financial year
Siemens' first quarter of 2020 was characterized by a record order backlog and a simultaneous decline in sales and incoming orders - according to statements made at the company's Annual General Meeting on February 5. The figures in detail.
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On a like-for-like basis (excluding currency translation and portfolio effects), order intake fell by 4% and sales by 1%. The order backlog reached a new record level of EUR 149 billion.
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