Siemens raised its full year sales and profit guidance on Wednesday after the German engineering and technology group beat sales forecasts during its second quarter.
Chief Executive Officer of German industrial conglomerate Siemens, Roland Busch attends the virtual annual shareholder meeting in Munich, Germany, February 10, 2022. Sven Hoppe/Pool via REUTERS/File PhotoSiemens CEO: supply chain constraints eased furtherWill communicate plan to exit Siemens Energy stake in Novemberraised its full year sales and profit guidance on Wednesday after the German engineering and technology group beat sales forecasts during its second quarter.
Continued strong demand also helped its factory automation and smart buildings divisions to their highest ever quarterly profit, while the mobility business, which encompasses trains, rolling stock and transport systems, returned to profit after last year's hit from the group's withdrawal from Russia."We now want to further leverage our exceptional order backlog and execution strength.
Siemens also expects to increase its underlying basic earnings per share to a range of 9.60 euros to 9.90 euros, up from the 8.90 euros to 9.40 euros it forecast in February., citing strong demand and its massive order backlog, which increased to 105 billion euros in the second quarter.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Siemens raises full-year outlook after second-quarter sales beats forecastsSiemens raised its full year sales and profit guidance on Wednesday after the German engineering and technology group beat sales forecasts during its second quarter.
Read more »
Record orders, strong sales drive Siemens Energy's Q2Siemens Energy, which supplies equipment and services to the power sector, posted forecast-beating second-quarter sales and lifted its revenue outlook, as strong demand pushed the firm's order book past the 100 billion euro ($110 billion) mark.
Read more »
Siemens Energy 2Q Rev EUR8.03BBy Giulia Petroni Siemens Energy on Monday said that net loss narrowed in the second quarter and adjusted the outlook for fiscal 2023. The German energy...
Read more »
'DWTS' Pro Witney Carson Welcomes 2nd Child -- See the Baby PicsThe dancer welcomed a second son on Mother's Day.
Read more »
Arigato, New York: 2nd Annual Japan Parade returns to the Upper West Side | amNewYorkThe 2nd Annual Japan Parade bid Konnichiwa to thousands of New Yorkers in the Upper West Side on Saturday.
Read more »
76ers have questions to solve on Harden, Rivers after another 2nd-round exitThe Philadelphia 76ers face plenty of questions headed into another offseason without a championship.
Read more »