SIEMENS EXPECTS AT LEAST 10% GROWTH OF BUSINESS IN UKRAINE IN 2018

Business news from the Ukrainian League of Industrialists and Entrepreneurs

SIEMENS EXPECTS AT LEAST 10% GROWTH OF BUSINESS IN UKRAINE IN 2018

10 Nov , 2017  

KYIV. Nov 10 (Interfax-Ukraine) – The business of Siemens in Ukraine in the 2018 financial year (October 2017-September 2018) is expected to grow by at least 10%, Siemens Ukraine CEO Maciej Tomasz Zielinski has said.
“Last fiscal year we grew more than expected: revenues increased by 11%, new orders by 28%, profit margins were higher than those stipulated in the budget. And next year we plan to work with clients even more actively. I expect the growth will be 10% and even more. The plans are very ambitious, I see significant prospects and many opportunities in all sectors,” the expert said in an interview with Interfax-Ukraine.
According to him, new orders grew in all divisions: digital production, industrial automation, continuous processes and drives, electric power (production, transmission and distribution of energy), building automation and infrastructure.
Among the most intensified areas, Zielinski singled out mining and metallurgical and agro-industrial complexes.
He said one of the priorities of development in Ukraine is digitalization of industry – not only software, but the whole cycle from the creation of a digital product double, including digital production and service provision.
Siemens Ukraine, established in 1997, is a supplier of products, services and integrated solutions for energy, industry, transport, building automation and urban infrastructure. The central office is in Kyiv, while regional branches are located in Lviv, Dnipro, Kryvy Rih, Odesa, and Kharkiv.