Siemens reports profits and raises outlook
Siemens Group announced strong financial results during its third quarter of the fiscal year, recording a net profit after taxes of €2.58 billion, an increase of approximately 16% compared to the previous year. The company also raised its profit forecast for the current year. Additionally, new orders saw a 13% rise, reaching nearly €28 billion, with growth in its core sectors—particularly in the industrial digitalization division, which saw profits increase by 44%. The company also anticipates greater profits to support further future growth, as it continues to recover customs duties and plans to distribute part of its stake in Siemens Healthineers to shareholders.
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