Reported 2 months ago
Siemens reported an 11% increase in adjusted operating profit to 3.0 billion euros for its fiscal third quarter, driven by demand for electrical infrastructure and production software, surpassing market expectations. However, the company cautioned that customer hesitance related to investment and borrowing costs, particularly from Chinese distributors, may dampen future growth. Siemens maintained its guidance for modest full-year revenue growth, suggesting a challenging market landscape ahead.
Source: YAHOO