Siemens Profit Advances on Train, Wind-Power Growth
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Siemens AG, Europe’s largest engineering company, said fiscal first-quarter profit increased more than estimated as the manufacturer delivered more industrial automation equipment and wind turbines.
Profit excluding acquisitions or disposals increased 17 percent to 1.79 billion euros ($2.44 billion) in the three months through December, Munich-based Siemens said today. Analysts in a Bloomberg survey predicted 1.53 billion euros.