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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As expected, the Mobility division made a rather subdued start to the new financial year, with incoming orders falling well short of the very high level of the previous year. At that time, the order for the London subway network worth EUR 1.6 billion and an order in Canada with a volume of EUR 800 million were booked. In terms of sales, Mobility maintained the level of the same quarter in the previous year, despite the decline in the rail infrastructure business.