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You are here: Home Manufacturing Siemens Reorganizes Low-voltage Business in the Industry Sector
Siemens Reorganizes Low-voltage Business in the Industry Sector PDF Print E-mail
Monday, 15 February 2010 12:36

siemens logoWith effect from the start of fiscal 2010, the Siemens Industry Sector has further streamlined its portfolio and reorganized the business with low-voltage power distribution.


The Low Voltage Distribution Business of Industry Automation posted a sales volume of more than one billion Euros in fiscal 2009. Financial reporting by the Building Technologies and Industry Automation Divisions has been appropriately adjusted for the first quarter of 2010 along with the previous year's figures. In comparable terms the margin achieved by the Industry Automation Division last fiscal year was 11.8 percent (9.1 percent in the year before), and that recorded by the Building Technologies Division 4.9 percent (previously 6.4 percent). The target margin ranges for the Industry Sector and the Industry Automation and Building Technologies Divisions will not be changed as a result of this reorganization. The Low Voltage Distribution Business Unit headquartered in Regensburg, Germany, has a worldwide workforce of more than 13,000 at 40 various locations, eight of which are in Germany.

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