Siemens announces €467m net loss in quarterly results

12 Nov 2010

Siemens AG has announced a net loss of €467m in its fourth-quarter financial results.

The loss is significantly less than the previous year’s results, which amounted to €1.3bn.

The German electronics and electrical engineering company also announced a fourth-quarter loss from continuing operations of €339m, while new orders rose orders rose 25pc to €23.47bn.