Company expects sales growth of 37 in 2025
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ZURICH, Nov 14 Reuters Siemens flagged mounting geopolitical risks like trade conflicts and weak consumer demand in the year ahead after posting fourth quarter earnings slightly ahead of forecasts.
The company, whose products range from industrial controllers and software to trains, is targeting comparable sales of 37 over the next 12 months.
That is down only slightly from its target of 48 in 2024, despite the company seeing rising risks following the election of Donald Trump in the United States and the collapse of the German government issues affecting the company39;s two biggest markets.
During the year, the world experienced ongoing geopolitical and macroeconomic uncertainties, Chief Executive Roland Busch told reporters after Siemens reported fourthquarter results.
And following the elections in the U.S. and considering the political situation in Germany, times won39;t be getting easier.
Siemens said it expected only moderate macroeconomic growth in the year ahead, citing risks like trade conflicts.
The manufacturing sector was also facing ongoing challenges with overcapacity and weak consumer demand, it said.
But while its factory automation market was struggling, smart infrastructure and transport remained strong, Siemens said. The company also had…