Siemens struck by failing industrial division orders

Sparse orders for larger electricity generators pulled Siemens down in the first quarter.

Photo: /Ritzau Scanpix/AP/Matthias Schrader/

BY RITZAU FINANS

German conglomerate Siemens could not keep pace with market expectations for the first quarter of 2018/'19, when scant orders for larger power generators burdened sales and earnings.

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