Siemens defies uncertainty with increasing numbers
At Siemens, business is going well despite all the global economic upheavals. The group increased sales and results in the second quarter, as he announced. The bottom line was that a profit of 2.4 billion euros remained in the second quarter of the financial year from January to March. That was around eleven percent more than a year ago.
The problem child automation, in which the Siemens recently announced the dismantling of thousands of jobs, also has the demand problems behind.
« Our worldwide presence makes us resistant, » emphasized CEO Roland Busch. CFO Ralf P. Thomas confirmed the outlook for the financial year, which tends to continue to increase profits. Sales should also grow. In the past quarter, it rose by seven percent to 19.8 billion euros.
The problem child comes out of the crisis
The Smart Infrastructure area in particular is booming in the past quarter. The result increased by almost two thirds, albeit partly thanks to a profit from the sale of a smaller area.
This was more than equal than the decline in digital industries, which also includes the problematic automation business. And the former sample student, who had recently become a problem child, comes out of the crisis: According to Siemens, the automation business recorded a clear growth in order due to the higher demand in China.
The automation orders, on the other hand, are significantly declining.
Most recently, the area had suffered from the fact that customers and trade sat on high stocks that reduced them instead of giving up new orders. This breakdown has recently come to an end in China, it said. Here Siemens can hope to put on the business. In Germany, on the other hand, the automation orders are « considerably declining ».
In mid -March, Siemens announced that it would reduce around 6,000 jobs worldwide by the end of September 2027, 2,850 of them in Germany. Most of them – 5,600 worldwide and 2,600 in Germany – should be eliminated in the automation business.
