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The German industrial giant, which sells everything from trains to factory equipment to sophisticated medical imaging devices, weathered the pandemic well. Although it experienced a 7% decline in revenue in 2020, its Ebitda grew 13%, boosting profit margins. Siemens has reported a surge in orders—with health care showing a double-digit percentage bump—and revenue levels have risen across most of its divisions in the first half of 2021. Alas, the company’s “mobility division” (largely related to trains) has proved a weak spot: Orders plunged by a third during 2020, and have continued to slump in the first half of 2021.
Qilai Shen—Bloomberg/Getty Images
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