Siemens makes upward adjustment to expected net income in 2018

Revenue is up for the German industrial concern Siemens, which expects its best ever net income.

Photo: Siemens Gamesa, PR

The German industrial group Siemens made an upward adjustment of its expected net income for this year, after achieving what it describes as strong results for Q2 in the fiscal year 2018, show the quarterly results published on Wednesday.

The company is now seeing earnings per share of between EUR 7.70 and 8, where the company previously expected between EUR 7.20 and 7.70 in earnings per share.

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