Siemens flags tough times ahead after Q4 profit beat


A sign with the logo of Siemens company is on display outside its office in Moscow Russia May 12 2022. REUTERSEvgenia NovozheninaFile Photo

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

ZURICH (Reuters) -Siemens flagged mounting geopolitical risks like trade conflicts and weak consumer demand in the year ahead after posting fourth quarter earnings slightly ahead of forecasts.

The company, whose products range from industrial controllers and software to trains, is targeting comparable sales of 3-7% over the next 12 months.

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