Siemens / 1st quarter 2016Strong start to the new financial year

Siemens has announced its figures for the first quarter of the new fiscal year: Order intake rose to €22.8 billion - an increase of 22% when adjusted for currency translation effects. The order backlog thus reached a new record level.

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Order intake and sales in the Siemens Process Industry and Drive Technology Group in the first quarter of 2016
© Siemens
The Process Industries and Drives division benefited from strong orders from the wind industry in the past quarter. However, this was offset by weak demand from all raw materials industries. The growth rates for order intake and sales are adjusted for currency and portfolio effects (1). In 'Earnings & margin', the margin in the gray field (in the 2015 financial year) is adjusted for personnel restructuring. In the sector ...
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