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2013 forecast at 'low-end'
Aggregated Source: Shanghai Daily: Business

A street sign is seen in front of a factory sporting the logo of Siemens AG in Berlin. German industrial conglomerate Siemens warned yesterday that its 2013 forecast would be at the "lowend" of what it had anticipated due to numerous one-off charges and restructuring costs, despite posting a rise in second-quarter net income. Siemens had predicted income from continuing operations at between 4.5 billion euros (US$5.9 billion) and 5 billion euros, but now says it expects income "to approach the low end of our original expectation."

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Copyright Shanghai Daily: Business