World, As Seen from the most beautiful islands: Ireland and Cyprus

Siemens expects worst quarter, despite good medical branch performance


Siemens technology group expects the impact of the corona crisis on its operations to be the worst in the coming weeks. The company dropped its financial targets for the whole year when presenting the quarterly figures.

In addition, the profit forecast was completely released, while a “moderate decline” is now forecast for turnover. Previously, Siemens was still expecting moderate revenue growth. Revenues in the second quarter of the broken financial year came to a flat EUR 14.2 billion.

Performance in its industrial branch plummeted. Although factories stayed open firm during the lockdown, fell customer orders. Good business was done with the train branch, as were Siemens Healthineers.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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