Siemens Rises on Forecast for Higher China Sales Next Year
- Industrial company raises dividend after record year
- Siemens prepares €3 billion unit IPO, extends share buyback
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Siemens AG rose after reporting record earnings and predicting a recovery for China’s economy for the second half of next year.
The German industrial company sees comparable revenue up as much as 8% in the year through September 2024, it said Thursday. The forecast follows a break-out year for Siemens in which revenue jumped 11% and net income nearly doubled.