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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A very sharp decline in the volume of major orders compared to Q4/2018 led to a slump in order intake at Siemens Mobility. The 4th quarter of 2018 included train orders worth €0.6 billion in Germany and €0.4 billion in Austria. The growth in sales revenue was determined by double-digit percentage increases in the train business - where major projects were launched - and in the customer service business. © Siemens