Siemens / 3rd quarter 2016
New record level of incoming orders
Siemens has announced its figures for the third quarter of 2016. On the positive side, earnings in the industrial business increased by 20% compared to the same quarter of the previous year. The negative: Things are anything but going well in the Process Industries & Drives business unit.
As a result of major orders in Europe and America, Siemens ' order intake rose by 6% to €21.1 billion in the third quarter of 2016. Revenue grew by 5% to €19.8 billion in the same period. Excluding currency translation effects, order growth would have been as high as 10% and revenue would have increased by 9%, as Siemens CEO Joe Kaeser reported.
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