Connect to share and comment

Siemens issues 2014 profit warning

PlacardEnlarge
(Globalpost/GlobalPost)

German engineering giant Siemens said on Thursday that it no longer expected to reach a profit margin of at least 12 percent by the 2014 business year.

The company in a statement cited "lower market expectations" for the profit warning but insisted that its cost-cutting measures were largely on track.

dlc/hd

http://www.globalpost.com/dispatch/news/afp/130725/siemens-issues-2014-profit-warning