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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... in the Energy Management division - both in terms of sales and incoming orders. Here, double-digit order growth in Europe, Asia and Australia was unable to offset the contrary trend in America. Continued improvements in profitability, mainly in the solutions, transformers and high-voltage products businesses, led to an improvement in earnings.