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Siemens profit more than doubles in the first three quarters of the year

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Siemens’ profit grew 120% in the first three quarters of the fiscal year beginning in October 2020, to 4,994 million euros, compared to the same period last year. The justification pointed out by the brand is due to the recovery of the businesses affected by the pandemic.

Revenues registered an increase of 10.8% in the period under review, to 44,820 million euros, compared to the same period of the previous year. Operating profit was 4,366 million euros, 40% higher than the same period last year. All of its industrial businesses significantly improved operating results.

Detailing for the business of digital industries, this increased to 2,241 million euros (+50.9%), that of intelligent infrastructures reached 1,192 million euros (+75.3%), that of mobility amounted to 572 million of euros (+9.2%) and that of the technology in health area totaled 1,963 million euros (+35.6%).

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Siemens CEO Roland Busch stated that the brand “has consistently achieved the goal of accelerated growth and high value.”

In another business unit, the Siemens Gamesa turbine factory announced that it has started producing wind turbine blades offshore recyclables ​​for commercial use.

The Spanish company’s project appears as a response to an environmental problem resulting from the manufacture of these components, given that the wind turbine blades, which are large and non-recyclable, end up in huge landfills after being used. As a rule, wind turbine blades are produced from resins that unite their different materials; a process recreated by the Spanish company, which uses a resin with a special chemical structure that makes it possible to separate the various materials so that they can be reused.

According to the company, the Siemens Energy unit has already signed agreements to sell recyclable blades to three concessionaires: RWE from Germany, EDF from France and Western Power Distribution from Great Britain.

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