💨 Abstract

Siemens reported a 7% drop in profit for its industrial business in Q3, citing geopolitical risks and weak consumer demand. The company lowered its sales target for next year to 3-7% increase, from the previous 4-8%. Revenue slightly exceeded expectations at €20.81 billion, with a 2% rise on a comparable basis.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖