Siemens raises profit guidance again as industrial demand ramps up

FILE PHOTO: The logo of German industrial group Siemens is seen in Zurich, Switzerland, January 30, 2019. REUTERS/Arnd Wiegmann/File Photo

ZURICH (Reuters) -German engineering and technology company Siemens raised its profit guidance on Thursday for the third time this year on the back of a post-pandemic surge in demand.

The trains-to-industrial software maker is seeing a broad-based increase in demand as customers around the world rebuild their inventories and vaccination campaigns have accelerated the economic recovery.