Siemens confirms growth outlook after Q2 beats forecasts

Siemens confirms growth outlook after Q2 beats forecasts

Siemens still expects to increase its full-year sales by between 3 and 7% "despite increased uncertainty", the German engineering group said today, as it reported better-than-expected profit during its second quarter.

Siemens recorded better business figures in the second quarter than analysts expected. Revenue and profit of the technology group increased. The problem area automation is also on the rise.

Sales and profit are growing, the forecast is still in place. And even when it comes to caring automation, the wind is turning for the better thanks to China.

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The German multinational technology conglomerate not only beat expectations, but also looked ahead with optimism. German industrial group Siemens AG outperformed analysts' expectations ... ...

Siemens sticks to forecast despite uncertainty

German industrial giant Siemens reported an unexpected jump in quarterly profits Thursday and stuck to its outlook for the year but warned of “increased uncertainty” in the global economy. Net profit came in at 2.4 billion euros ($2.7 billion) between January and March, up 11 percent from a year earlier. Analysts had forecast a slight decline. The better than expected results were driven by strong performances in the mobility division — which ma…