World for the first time in twelve years: Despite good businesses, Siemens makes red numbers

17:30  11 august  2022
17:30  11 august  2022 Source:   ksta.de

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for the first time in almost 12 years Siemens has to report red numbers - even though the shops are going well. The Munich group made 1.5 billion euros in loss in the third business quarter, as he announced on Thursday.

Das Schriftzug-Logo des deutschen Industriekonzerns Siemens. © dpa The lettering logo of the German industrial group Siemens.

The reasons for this are a high depreciation of the remaining proportion of the former energy-saving Siemens Energy and stress in connection with Russia, since Siemens withdraws from there because of the Ukraine war.

Energy depreciation and Russia are pressing the Energy depreciation that Siemens announced at the end of June, pressing the result at 2.7 billion euros-Russia at 0.6 billion. That was too much to have compensated for the otherwise solid, running shops of the Munich team.

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So sales grew by nominal 11 percent to 17.9 billion, the result in industrial business by 27 percent to 2.9 billion. In the latter, however, a profit of 0.7 billion from the sale of Yunex Traffic was also noticeable.

Good signs for the future

For the current year, the massive loads from the third quarter of Siemens also cost the result forecast, which is now lower for the amount of the energy depreciation. However, other signs for the future are good:

After an increased order input of 22 billion euros, the order stock is now, according to Siemens, the record value of 99 billion euros. "We have the right offer and the right strategy to be successful even in uncertain times," emphasized Siemens boss Roland Busch. (dpa)

gas turbine for north stream 1 continues in Mülheim .
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