Siemens Benefits from Weak Euro in Fiscal 2015, as Orders See 15% Jump in Fourth Quarter
SUGAR LAND--November 13, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial equipment-manufacturing juggernaut Siemens AG (NYSE:SI) (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.
Other companies featured: Statoil ASA (NYSE:STO)
