Siemens raises full-year sales guidance after Q1 tops forecasts


FILE PHOTO-A sign with the logo of Siemens company is on display outside its office in Moscow Russia May 12 2022. REUTERSEvgenia Novozhenina

FILE PHOTO-A sign with the logo of Siemens company is on display outside its office in Moscow, Russia, May 12, 2022. REUTERS/Evgenia Novozhenina

ZURICH (Reuters) -Siemens reported better-than-expected quarterly at its industrial business on Wednesday and raised its full-year sales guidance, boosted by a strong start to its 2023 fiscal year.

The builder of trains and industrial software reported profit at its industrial business of 2.7 billion euros ($2.90 billion) in the fiscal first quarter to the end of December, beating forecasts for 2.50 billion euros in a company-gathered consensus of analyst forecasts.

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