BERLIN-Siemens AG posted a third-quarter profit of $632 million, a drop from a year ago when the vendor enjoyed a profit of $829.4 million.
Sales also fell 15 percent to $19.8 billion. Siemens’ mobile business posted a profit of $19.4 million on sales of $2.4 billion.
“While the absence of demand in key markets combined with significant currency translation effects lowered sales and orders year-over-year, the trend is more gradual on a consecutive quarter basis,” said Chief Executive Heinrich von Pierer.
