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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Higher equipment and service orders led to an increase in order intake in the Siemens Healthineers Division, which was primarily due to growth in the USA. And despite negative currency translation effects, the division also increased its sales revenue, led by the Imaging business. In terms of earnings, operational improvements and productivity gains were outweighed by strong currency-related headwinds.