Figures for the first quarter of 2019Strong order intake, falling profit at Siemens
Siemens has announced its figures for the first quarter of 2019. While incoming orders set a new record, profits halved. The 'Digital Factory' and 'Process Industries and Drives' divisions recorded some of the strongest sales growth.
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According to Kaeser, Building Technologies remains a "success story for Siemens". The division also increased its order intake and sales in the first quarter of the new fiscal year. At 8.5%, the earnings margin was slightly lower than in previous quarters and was influenced by investments in digitalization, for which Siemens sees great opportunities for future growth, particularly in Building Technologies.