Siemens Raises Outlook as Quarterly Profit, Revenue and Orders Surge
Siemens reported fourth-quarter industrial profit up 22% to €3.89 billion, revenue up 11% to €23.68 billion and orders up 58% to a record €34.8 billion. Profit and revenue beat forecasts. The results cover the three months to September end.
Posting fourth-quarter numbers, the engineering conglomerate said industrial profits soared 22% to €3.89bn in the three months to September end, beating forecasts for €3.71bn. Revenues were 11% stronger at €23.68bn, also ahead of expectations.Orders surged 58% to a record €34.8bn, with particularly…