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Home › Siemens net profit up 40 percent, outlook cautious

 

Siemens net profit up 40 percent, outlook cautious

2014-11-06 10:16:11| Telecom - Topix.net

Industrial equipment maker Siemens AG says net profit rose 40 percent in the fourth quarter but issued a cautious outlook for the coming year, saying global tensions would affect its business and predicting flat revenue. Siemens also said Thursday it was selling its hearing-aid business to the investment company EQT and Germany's Struengmann family of entrepreneurs for 2.15 billion euros.

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