Orders in the energy sector jumped, however, thanks to large contracts in offshore wind, pointing to a booming business in the sector in the future.
Orders at Siemens' energy sector rose 46% to €8.46bn ($11.14bn) in the second quarter thanks in part to major long-cycle contracts for Wind Power, where orders soared to an all-time quarterly record of €3.29bn from €568m a year earlier.
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