The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Siemens flags continued slump in energy markets

Published Thu, Nov 9, 2017 · 09:50 PM
Share this article.

Munich

SIEMENS AG signalled that a slump in demand for energy-generating equipment is set to continue in the coming fiscal year after weaker orders led to a sharp drop in fourth-quarter profit at its power-and-gas division.

Industrial business profit slid 10 per cent to 2.2 billion euros (S$3.5 billion), the Munich-based company reported on Thursday, missing an average estimate of 2.45 billion euros by analysts. Profit at the power-an…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here