German technology giant Siemens reported quarterly profits of €2.9 billion, surpassing expectations and driving the DAX index above 25,000 points.
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CEO Roland Busch announced the results at the annual general meeting in Munich, the first in-person meeting in five years.
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The strong performance boosted board confidence and was highlighted to shareholders.
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Analysts’ forecasts were exceeded, fueling optimism in financial markets.
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Siemens’ results were the main driver behind the DAX’s rise past 25,000.
Sources – Agencies
