Siemens beats forecasts: €2.9 billion profit in three months

 

German technology giant Siemens reported quarterly profits of €2.9 billion, surpassing expectations and driving the DAX index above 25,000 points.

• CEO Roland Busch announced the results at the annual general meeting in Munich, the first in-person meeting in five years.

• The strong performance boosted board confidence and was highlighted to shareholders.

• Analysts’ forecasts were exceeded, fueling optimism in financial markets.

• Siemens’ results were the main driver behind the DAX’s rise past 25,000.

Sources – Agencies