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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At EUR 5.6 billion, incoming orders at Gas and Power were solid in the first quarter, but did not match the strong figure from the same quarter of the previous year, in which several major orders were booked in the electricity transmission and service business. Sales were on a par with the same quarter of the previous year.