FRANKFURT (Reuters) – Siemens on Thursday gave a more cautious sales outlook for 2024 after the trains to industrial software maker reported fourth-quarter industrial profit ahead of expectations.
The German group, whose products are used to automate factories and buildings, said it expected its revenues to grow 4-8% in the next 12 months.
The target marks a slowdown from the 11% revenue increase the German industrial heavyweight posted for its 2023 business year, which ran to the end of September.
($1 = 0.9228 euros)
(Reporting by Christoph Steitz and John Revill, editing by Linda Pasquini)
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