Kaeser: Siemens to Take Health Care to the Next Level
Siemens AG reported higher-than-expected profit in its fourth quarter as revenue advanced at most of its industrial business units and announced plans to spin off its health-care division to further sharpen the focus at Europe’s largest engineering company. Profit from so-called industrial operations reached 2.45 billion euros ($2.68 billion) in the three months through September, little changed from the year-earlier period, the Munich-based company said in a statement Thursday. Analysts had predicted an average of 2.41 billion euros, according to a Bloomberg survey. Chief Executive Officer Joe Kaeser discusses with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."