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SMT & Inspection | May 15, 2009

Siemens EAS with €86 million loss in 2Q

Siemens Electronics Assembly Systems (EA) recorded a €86 million loss in 2Q.
This amount included charges for impairment and severance payments. In the same quarter last year EA reported a loss of €10 million.

Following a strategic review during the current period, the EA business was classified as held for disposal and management responsibility was transferred from the Drive Technologies Division to Other Operations. Financial information of EA is now presented within Other Operations on a retrospective basis, states the 2Q-report.

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