SOURCE: Industrial Info Resources

Industrial Info Resources

November 13, 2015 07:30 ET

Siemens Benefits From Weak Euro in Fiscal 2015, as Orders See 15% Jump in Fourth Quarter, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Nov 13, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Industrial equipment-manufacturing juggernaut Siemens AG (Munich, Germany) incurred a heavy impairment charge in fourth-quarter 2015, which took a chunk out of profits and obscured a success story: the company saw a solid 15% jump in orders, as customers took advantage of a weak euro. Industrial Info is tracking $147.69 billion in active projects involving Siemens.

Within this article: Details on Siemens' quarter and projects, including three major offshore windfarms in the U.K.

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