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Siemens ups outlook after tripling profit in Q2 15:48 | 07/05/2021 Siemens ups outlook after tripling profit in Q2 (Source: siemens.com) Siemens, which makes products ranging from trains to factory equipment, said in a statement that it booked bottom-line net profit of 2.4 billion euros ($2.9 billion) in the period from January to March, up from 697 million euros a year earlier. Underlying or operating profit rose by 31 percent to 2.1 billion euros as revenues increased by nine percent to 14.7 billion euros and orders were up 11 percent at 15.9 billion euros. "...

2021-05-07 12:35:29 GMT2021-05-07 20:35:29(Beijing Time) Xinhua English BERLIN, May 7 (Xinhua) -- German tech giant Siemens announced on Friday that its revenues increased by 6 percent year-on-year to reach almost 14.7 billion euros (17.8 billion U.S. dollars) in the second quarter (Q2) of the company's fiscal year 2021. Net income rose to 2.4 billion euros between January and March 2021, compared with 700 million euros in Q2 last year, according to Siemens. "I am extremely pleased that all our businesses are delivering excellent results and that we are growing profitably - despite con...

By Reuters Staff 2 Min Read ZURICH, May 7 (Reuters) - Siemens increased its full year profit and sales outlook for the second time this year on Friday as the Germany industrial group became the latest company to report a recovery from last year’s pandemic-driven downturn. The Munich company said it was seeing strong momentum in the automotive and machine building sectors and for industrial software, helping it to beat forecasts for revenue, orders, and industrial profit during the three months to the end of March. Like other industrial companies such as Switzerland’s ABB and France’s Sc...

Siemens hikes full-year guidance on swift recoveries in China and Germany CNBC 2/3/2021 Elliot Smith The German conglomerate reported a 39% rise in adjusted EBITDA (earnings before interest, tax, depreciation and amortization). Net income for the period from October to December rose to 1.5 billion euros ($1.81 billion) from 1.1 billion euros for the same period the previous year. U.S. presents 'greatest opportunity,' Siemens' Kaeser says Replay Video UP NEXT Siemens significantly raised its full-year guidance on Wednesday after a strong fiscal first quarter that saw orders...