revenue as the annual Top 50 Ranking of German Firms conducted by the German
American Chambers of Commerce indicates. Overall, the sales performance
increased to over $364 billion, compared to $348 billion in the previous
year which translates to an overall revenue growth of 4%. Auto manufacturers
such as Volkswagen and Daimler continue to profit from the recovering U.S.
market. Their figures, together with T-Mobile, show the strongest growth.
However, not all companies were able to increase their revenue on the U.S.
market. The stagnant renewable energy sector in the U.S. affected companies
such as Siemens which experienced an order gap in its wind farms segment,
resulting in an overall sales decrease of $1.7 billion. E.ON Climate and
Renewables North America dropped out of this year’s top 50 ranking
Revenue for German Companies in the U.S. Continues to Grow - Credit: German American Business Outlook 2014
German subsidiaries in the U.S. continue to drive revenue as the annual Top 50 Ranking of German Firms conducted by the German American Chambers of Commerce indicates.
Overall, the sales performance increased to over $364 billion, compared to $348 billion in the previous year which translates to an overall revenue growth of 4%. Auto manufacturers such as Volkswagen and Daimler continue to profit from the recovering U.S. market. Their figures, together with T-Mobile, show the strongest growth.
However, not all companies were able to increase their revenue on the U.S. market. The stagnant renewable energy sector in the U.S. affected companies such as Siemens which experienced an order gap in its wind farms segment, resulting in an overall sales decrease of $1.7 billion. E.ON Climate and Renewables North America dropped out of this year’s top 50 ranking.
