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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There was a significant decline in orders in the Mobility division - partly due to strong figures from the previous year, such as a EUR 1.7 billion order for regional trains and their maintenance. The situation is better in terms of turnover: Revenue grew due to the successful completion of major projects from the division's high order backlog. A clear ...