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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 Power and Gas Group in the first quarter of 2016
© Siemens
In terms of order intake, the Power and Gas division benefited from a 1.6 billion order from Egypt for a power plant including service. Weaker business with solutions and decentralized power generation led to a decline in margins.
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