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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Digital Factory's order intake was slightly weaker than in the very strong prior-year quarter, which had primarily benefited from a number of large software orders at Mentor Graphics. All of the division's units contributed to the 6% growth in sales, particularly the automation business. At 20%, the earnings margin was again at the upper end of the target range.