ZURICH (Reuters) – Siemens will put up weaker-than-expected full yr gross sales progress, Chief Monetary Workplace Ralf Thomas stated in an interview printed on Friday, though income won’t be harmed and the dividend might rise.
“When it comes to gross sales progress, the development shouldn’t be in direction of 4%, however in direction of 3%,” Thomas instructed German newspaper Boersen-Zeitung.
In its final outcomes on Aug. 8, the German industrial group stated it anticipated full-year comparable income progress of 4% to eight%, though it was more likely to be on the decrease finish of the dimensions.
The corporate is because of report its full-year outcomes on Nov. 14.
Thomas stated profitiblity was “clearly on the stage we introduced.” Siemens beforehand stated it was aiming for full yr earnings per share within the vary of 10.40 euros to 11.00 euros ($11.63 to $12.30).
The corporate would “most likely” additionally improve its dividend, Thomas added.
($1 = 0.8940 euros)
(Reporting by John Revill, Enhancing by Friederike Heine)
