05 Aug 2016

“Siemens Boosted by Growth in its Energy Operations”

Siemens / The Wall Street Journal

Siemens has raised its profit outlook after large orders - “particularly in Power and Gas and Wind Power and Renewables” in Europe and the Americas - pushed third quarter order figures beyond forecasts. The company now expects basic earnings per share this year to be between 6.50 - 6.70 euros, up from the 6.00 - 6.40 euros forecast at the beginning of the year. “The power and gas and wind divisions drove bottom line growth,” writes Christopher Alessi in Wall Street Journal. With 480 million euros, third quarter profits in power and gas were 69 percent higher than in 2015 (285 million euros), and in wind power and renewables 178 percent higher at 143 million euros (51 million euros in 2015).

Read the Siemens press release in English here.

Read the article in English here.

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“Siemens Boosted by Growth in its Energy Operations”

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