Siemens Warns Currency Headwinds Will Hit 2026 Results; CEO Defends Mid-Term Target
Benzinga·2025-11-14 20:24
Siemens AG (OTCPK: SIEGY) has warned that adverse currency movements will weigh on its results next year, even as the German manufacturer expects the global economic environment to remain stabilize next year."Negative currency effects will strongly burden nominal growth rates in volume as well as profit for our industrial businesses and earnings per share," the Munich, Germany-based company said on Wednesday. The company expects its sales to rise by 6%-8% next year and 6%-9% in the mid-term.Siemens projecte ...