Siemens expects minimal impact from tariffs, profit exceeds expectations

From Yahoo Finance: 2025-05-15 01:03:00

Siemens predicts minimal profit impact from global tariffs due to diverse production footprint. Uncertainty among customers persists despite US-China trade war truce. Potential high double-digit to low three-digit million euro profit impact expected. Company adapts procurement, prices, and production to mitigate effects. Sales guidance remains at 3-7% increase. Industrial profit up 29% to 3.24 billion euros, exceeding forecasts.



Read more at Yahoo Finance: Siemens sees limited tariff impact as profit top forecast