Siemens predicts sectors’ profit to increase

Siemens expects that new orders and revenue at its sectors will increase again in the fourth quarter of the current fiscal year, compared to both the fourth quarter of fiscal 2009 and the third quarter of fiscal 2010.

Siemens expects total sectors profit – excluding the announced impairment of presumably up to €1.4bn at its diagnostics business – to exceed the comparable prior-year figure of €1.9bn.

Total sectors profit will probably include restructuring costs of some €150m – an amount that, due to the business upturn, is less than recently expected.