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.
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Order intake in the Process Industries and Drives division was almost on a par with the previous year, despite negative currency translation effects and a higher volume from larger orders in the same quarter of the previous year. Sales revenue also increased in all businesses, particularly in the large drives business and in process automation.