Siemens stock surges after Q4 profit beat, flags rising global risks
ZURICH - Siemens stock surged on Thursday after the engineering company posted better-than-expected results and said it was in a good position to navigate mounting global political and trade tensions.
Siemens said it expects its revenue to grow 3-7% over the next 12 months, down only slightly from its 4-8% target for 2024, despite flagging rising risks following the election of Donald Trump as U.S. president as well as political chaos in Germany. "During the year, the world experienced ongoing geopolitical and macroeconomic uncertainties," Chief Executive Roland Busch told reporters.
Still, Busch said Siemens was well prepared with a strong local manufacturing footprint in the United States, Germany and China, its three biggest markets.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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