Siemens reported strong Q2`17 results to end March. Revenues increased by 6.4% to €20.2bn and orders increased marginally by 1.3% to €22.6bn. Excluding the large order from Egypt worth €3.1bn received in Q2`16, order intake jumped by 17%. The book-to-bill ratio reached 1.12x. Real EBIT jumped by 29.9% to €2.3bn and the EBIT margin increased from 9.3% to 11.4%. According to Siemens, the operating profit of the Industrial Business increased by 15.6% to €2.49bn. The oper
04 May 2017
Profitable growth continued in Q2`17
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Profitable growth continued in Q2`17
Siemens Aktiengesellschaft (SIE:WBO) | 0 0 0.4% | Mkt Cap: 93,908m
- Published:
04 May 2017 -
Author:
Heinz Steffen -
Pages:
3
Siemens reported strong Q2`17 results to end March. Revenues increased by 6.4% to €20.2bn and orders increased marginally by 1.3% to €22.6bn. Excluding the large order from Egypt worth €3.1bn received in Q2`16, order intake jumped by 17%. The book-to-bill ratio reached 1.12x. Real EBIT jumped by 29.9% to €2.3bn and the EBIT margin increased from 9.3% to 11.4%. According to Siemens, the operating profit of the Industrial Business increased by 15.6% to €2.49bn. The oper