Shares of Siemens AG were gaining around 7 percent in the morning trading in Germany after the conglomerate reported Thursday significantly higher profit and revenues in its fourth quarter, and said it expects strong growth in earnings and sales in fiscal 2023. The company also raised its dividend.
Roland Busch, President and CEO, said, "Siemens delivered another outstanding performance in fiscal 2022, with a record high profit of more than €10 billion in our Industrial Business.... Strong demand continues for our hardware and software offerings, including higher than expected growth for our digital business revenue."
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.