Siemens / 2nd quarter 2016Strong result in industrial business
In the second quarter of fiscal year 2016, order intake at Siemens rose by 7% to €22.3 billion - an increase of 10% after adjusting for currency translation effects. The Group significantly improved its earnings in the Industrial Sector.
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The Power and Gas division benefited from the lifting or easing of sanctions against Iran: sales increased by a total of EUR 174 million and earnings by EUR 130 million. Business with large gas and steam turbines also boosted sales, primarily due to the start of project orders in Egypt. The services business also continued to make a strong contribution to earnings.