Siemens Revenue Climbs on Robust Demand for Rail Products

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German industrial giant Siemens generated 2.2 billion euros in net profit in the third quarter, which ends at the end of June, which is five percent more than in the same period last year. Revenue also increased slightly, reaching 19.4 billion euros, the group announced today, according to the German news agency dpa.

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Munich – Despite the customs crisis, the technology group Siemens has shown itself to be robust and has continued to grow in the third quarter of its business (as at the end of June). Good business in the Mobility train segment, intelligent infrastructure and the medical technology subsidiary Siemens Healthineers were responsible for this. New orders also climbed significantly, thanks to several large orders from Mobility. The recovery in the au…