ZURICH (Reuters) – Siemens raised its full-year sales and profit forecast on Wednesday as the engineering group beat sales forecasts in its second quarter.
The German group, which anticipated revenue growth of 7% to 10% in the 12 months to the end of September, now expects an increase of 9% to 11% over the same period.
Siemens also expects to increase its underlying basic earnings per share to a range of 9.60 euros to 9.90 euros, from 8.90 euros to 9.40 euros previously.
Benefiting from the partial reversal of a prior charge, overall earnings per share are expected to increase to a range of 11.61 to 11.91 euros.
The group had already raised its forecast for the full year in February, citing strong demand and a very large order book, the latter having reached 105 billion euros during the second quarter.
The upward revision to the outlook comes after Siemens reported a 14% increase in second-quarter revenue to 19.42 billion euros, beating consensus of 18.59 billion euros. euros provided by the company.
“Siemens continues to deliver outstanding performance, setting several records, including impressive increases in margins and record profits for Digital Industries and Smart Infrastructure, as well as another order book record,” said CEO Roland. Busch in a statement.
(Report John Revill, Augustin Turpin, edited by Matthieu Protard)
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