Financial year 2019Siemens with a "brilliant fourth quarter"
Siemens defies the weak economy and presents a good annual result. All annual forecasts were met. Nevertheless, the Group is also expecting a challenging new fiscal year.
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The software business recorded double-digit percentage growth. In addition, a significant increase in the process automation business led to an overall increase in revenue for Digital Industries in a strong year-end spurt; both businesses also recorded growth in order intake, supported by positive currency translation effects and additional volume from recent acquisitions; in contrast, the factory automation and motion control businesses faced a decline in demand, particularly from the automotive and mechanical engineering industries. © Siemens