Siemens increased its profit in the third financial quarter



Net profit of German industrial conglomerate Siemens on the results of operations in the third fiscal quarter grew to 1.46 billion euros against 1.37 billion euros a year earlier.

Analysts had forecast a net profit of 1.36 billion euros.

Income from Siemens increased by 3% to 21.41 billion, which did not meet analysts ‘ expectations.

The company expects that by the end of the 2017 financial year, the profit per share will increase will be in the range of 7.2 to 7.7 euros, and profitability will be 11-12%.




Siemens increased its profit in the third financial quarter 03.08.2017

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