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Decline in sales at Siemens Austria
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Published: December 16, 2010; 21:07 ♦ (Vindobona)
Sales have dropped by 20% but the profit situation is stable. Orders have improved by 14%.
The economic framework conditions for Siemens AG Austria in the financial year 2009/10 were marked by the first economic recovery trend, which reflected in a higher volume of incoming orders. However, the Austrian GDP continues being far below pre-crisis level. In future, economic development will also be characterized by a sideways movement. Therefore there is even an expected…
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