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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There was strong order growth in the new installations business at Siemens Gas and Power, in particular with an order for a combined-cycle gas turbine power plant including service in France amounting to €0.4 billion and several major orders in the Americas reporting region. Increase in sales determined by the service business: in geographical terms, growth in the Americas and Asia, Australia, offset by a decline in Europe/GANO. © Siemens