Siemens flags geopolitical risks ahead after profit falls
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Siemens has reported a decline in profit for its industrial business and has lowered its sales target for the upcoming year. The company attributes these challenges to geopolitical risks, including trade conflicts and weak consumer demand.
November 14, 2024 | 6:30 am
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Siemens has reported a decline in profit for its industrial business and has lowered its sales target for the upcoming year due to geopolitical risks and weak consumer demand.
The decline in profit and lowered sales targets are significant indicators of potential financial challenges for Siemens. Geopolitical risks and weak consumer demand are likely to impact the company's performance negatively in the short term.
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