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Siemens announces net loss in quarterly results

Siemens announces net loss in quarterly results

Siemens AG has announced a net loss of €467m in their 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 €339 million while new orders rose orders rose 25pc to €23.47bn.

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