Connect with us

Hi, what are you looking for?

press release

Siemens Sectors See Record Profit

Renewable Energy division posted nearly €2.3 billion in orders in Q3

July 29, 2010 — Fueled in part by its Renewable Energy division, German engineering conglomerate Siemens continued its march out of the recession with €21 billion in orders from Q3 2010 and a record profit of slightly over €2.3 billion from its sectors, the company reported.

Siemens said all three of its Sectors (Energy, Industry and Healthcare) showed profit increases compared to the prior-year period. Energy remained the top earnings contributor led by the Fossil Power Generation Division. However, the Renewable Energy Division posted orders worth nearly €2.3 billion, the highest order level of all the company’s 14 Divisions.

Industry produced high double-digit profit growth, due mainly to recovery of its short-cycle businesses as well as tight cost management. Steadily recovering short-cycle businesses posted strong revenue growth, led by Industry Automation and Osram. Revenue for the overall Sector rose seven percent compared to the prior-year period.

Healthcare also posted high double-digit profit growth. Orders at Healthcare climbed 18 percent in the third quarter.

Read more about Siemens at Wind Energy Industry Today:
Siemens news – http://windenergy.einnews.com/news/siemens-wind-energy-wind-turbines

Located at http://windenergy.einnews.com, Wind Energy Industry Today is a wind energy news monitoring service from EIN News.

You May Also Like

Business

State would join dozens of others in enacting legislation based on federal government’s landmark whistleblower statute, the False Claims Act

press release

With a deep understanding of the latest tech, Erbo helps businesses flourish in a digital world.

press release

#Automotive #Carbon #Canister #Market #Projected #Hit #USD New York, US, Oct. 24, 2022 (GLOBE NEWSWIRE) —  According to a comprehensive research report by Market...

press release

Barrington Research Analyst James C.Goss reiterated an Outperform rating on shares of IMAX Corp IMAX with a Price target of $20. As theaters...