News and Announcements
Siemens revenue stable despite fall in orders
By Josh White
Date: Thursday 16 May 2024
(Sharecast News) - Siemens reported relatively stable revenue in its second quarter on Thursday, despite a 12% decline in comparable orders, reflecting a high volume of large orders in the mobility segment.
The industrial technology conglomerate said its nominal revenue dipped 1% to €19.2bn, with orders dropping 13% to €20.5bn.
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