Siemens - Q4 and full year 2018Power plant division as a brake pad
Siemens has closed the 2018 financial year: The company was able to increase its order intake and sales, but profits in the Industrial Business declined. This is attributable to the sluggish business in the Power and Gas Division.
The Mobility division was also able to grow on a comparable basis in all key figures. Contributing factors included a sharp rise in the volume of major orders, in particular a EUR 0.6 billion order for additional ICE 4 trains and railcars in Germany and the first call-off (worth EUR 0.4 billion) from a major framework agreement for passenger coaches in Austria. Sales growth was achieved in all businesses, with particularly strong growth in the rail infrastructure and services businesses. The increase in earnings is attributable to higher sales revenue, a high contribution from the services business and continued strong operational implementation.