31 Jan '18, 6am

Siemens Q1/FY2018: Revenue up 3% to €19.8bln. https://t.co/tuJyXe9sfJ

Earnings Release and Financial Results Q1 FY 2018: Strong order growth highlights successful first quarter Orders rose 14% to €22.5 billion and revenue was up 3% at €19.8 €billion, including strong growth contributions from Mobility and Digital Factory and new business particularly resulting from the merger of Siemens' wind power business with Gamesa Corporación Tecnológica, S.A. Book-to-bill ratio rose to reach 1.13, the highest ratio since booking of large Egypt orders in Q2 FY 2016 On a comparable basis, excluding currency translation and portfolio effects, orders increased 7% and revenue grew 1% Industrial business profit at €2.2 billion, down 14% due mainly to a sharp decline in Power and Gas which more than offset excellent performance in the short-cycle businesses and Mobility; current quarter impacted by negative currency effects while Q1 FY 2017 benefited from a p...

Full article: https://www.siemens.com/press/en/events/2018/corporate/20...

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