Siemens Reports Record Profit Amid Economic Slowdown
Siemens has achieved a historic milestone, posting a record profit of €9 billion despite global economic challenges. The company’s revenue rose three percent to nearly €76 billion, attributed to its diversified focus on long-term global trends like digital solutions and infrastructure modernization. CEO Roland Busch highlighted the firm’s evolution into a software-oriented enterprise, stating it now ranks among the world’s largest industrial software companies. Looking forward, Siemens anticipates growth in revenue and orders, while also increasing dividends for shareholders by over ten percent to €5.20 per share.