Strong Profitability for Siemens in Fiscal Year 2016; Public Listing Healthcare Business Planned
In line with our expectations, Siemens' focus on portfolio optimization and cost reduction mitigated the impact of cyclical swings in fiscal 2016. Full-year profit of Siemens' Industrials Business increased 13% year on year, with the EBIT margin up 70 basis points. Margin pressure in Process Industries and Drives due to ongoing weakness in oil and gas and other commodity-related markets was more than offset by strong performance in Wind Power and Energy Management. We're updating our model for ...
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