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Canada For the first time in Siemens,

12:10  11 august  2022
12:10  11 august  2022 Source:   wiwo.de

Former first-round pick Nick Merkley signs in KHL

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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. 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.

Das Leipziger Siemens Werk für Niederspannungsschaltanlagen. Abschreibung auf Energy und Russland drücken Siemens tief ins Minus. © Jan Woitas/dpa The Leipzig Siemens plant for low -voltage switchgear. Depreciation on Energy and Russia press Siemens deep into the minus.

Energy depreciation, which Siemens had already announced at the end of June, pushes the result at 2.7 billion euros - Russia with 0.6 billion. That was too much to have compensated for the otherwise solid, running shops of the Munich team. Sales grew by nominally 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.

Gazprom turbine return to Germany ‘very difficult’ but essential move: Trudeau

  Gazprom turbine return to Germany ‘very difficult’ but essential move: Trudeau Germany and Europe are facing energy challenges as a result of the war, and are moving to shift away from their reliance on Russian energy. Moscow has cut energy supplies to Germany in response to Berlin’s actions during the war, putting the Germans and Europeans in a pinch while scrambling for alternative sources of energy. Canada’s decision to return the turbines is an “essential piece” in ensuring continued support for Ukraine, Trudeau said.


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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 energy depreciation. However, other signs for the future are good: According to a increased order input of 22 billion euros, according to Siemens, the order stock is now a 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.

These are the highlights on Friday .
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. © dpa The lettering logo of the German industrial group Siemens.

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