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Friday 20.10.2017 | Name days: Leonīda, Leonīds

2% growth for Siemens income

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In first quarter of 2012 the company Siemens has succeeded to increase income, thus proving that, in spite of the difficult economic situation, the company is ready for a further development.

Compared to first quarter of the last year, Siemens‘ income has increased by 2%, reaching 17.9 billion euro (12.5 billion LVL), and the main cause for it was substantial amount of orders in the end of the previous period. First quarter of 2012 Siemens concluded on December 31, 2011, informs Dagnija Dizbite, PR consultant.

However, many suspended projects and growing investments have cut the company’s profit indicators. Referring to this, Siemens manager Peter Löscher admits: «Current debt crisis in Europe has affected real economy. Although our income has grown, some suspended projects have cut our profit. Therefore, we will have to work very efficiently to achieve aims of the second quarter. Savings at amount of almost 100 billion euro (70.2 billion LVL), strong portfolio and stable financial condition mark Siemens as a reliable partner.»

Still one of priorities of Siemens is investments in innovations and improvements of the company’s development where investments in human resources are crucial. For example, in first quarter of 2012, number of Siemens employees has grown by 3000 in the whole world, about one third of them work in research and development.

Ref: 102.110.110.214


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