Siemens AG operates in the Turbines and turbine generator sets sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Siemens with three other
manufacturers of engines in Europe:
Vestas Wind Systems AS
sales of 90.68 billion Danish Kroner [US$14.40 billion]
of which 85%
was Power Solutions),
Siemens Gamesa Renewable Energy SA
(10.23 billion Euros [US$12.09 billion]
of which 85%
was Wind Turbine Manufacturing), and
(3.28 billion Euros [US$3.88 billion]
of which 88%
Siemens reported sales of 86.85 billion Euro (US$102.66 billion)
September of 2019.
increase of 4.6%
versus 2018, when the company's sales were 83.04 billion Euro.
Sales of Smart Infrastructure saw an increase
that was more than double the company's growth rate: sales were up
122.7% in 2019, from
6.48 billion Euro to 14.42 billion Euro.
Siemens also saw significant increases in sales in
Power and Gas (up 41.1% to 17.47 billion Euro)
Digital Industries (up 25.2% to 15.32 billion Euro)
Siemens Healthineers (up 8.2% to 14.41 billion Euro)
Siemens Gamesa Renewable Energy (up 12.1% to 10.23 billion Euro)
Not all segments of Siemens experienced an increase in sales in 2019:
sales of Reconciliation fell 65.1% to 380.00 million Euro.
(However, this segment's sales were only a very small portion of the company's overall sales).
Siemens also experienced decreases in sales in
Financial Services (Sfs) (down 4.3% to 777.00 million Euro)