Siemens expects supply chain problems to ease after posting strong sales

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

ZURICH (Reuters) -Siemens expects supply chain problems that have hindered the industrial revival in the wake of the pandemic to ease next year, the engineering and technology company said on Thursday, as its fourth quarter sales and orders beat forecasts.

The maker of factory software and high-speed trains sees further profitable growth as problems thrown up by shortages of components and log-jammed logistics networks improve.

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