Siemens expects"even stronger impacts" from the coronavirus pandemic in the weeks ahead, it said on Friday as it ditched its 2020 guidance and posted an 18per cent drop in industrial profit during its second quarter.
The trains to industrial software maker said it now expected a"moderate decline" in comparable full year revenue. Siemens had previously predicted moderate growth.Its flagship factory automation unit and smart infrastructure business would be the hardest hit, the company said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Foodie Friday: What The Stars Ate This Week (May 1-8)
Source: TODAYonline - 🏆 1. / 99 Read more »
Basketball: NBA players can start solo workouts at team sites on FridayNEW YORK (AFP) - NBA team facilities are set to reopen for individual player workouts on Friday (May 8) in areas where state and local governments have eased coronavirus lockdown restrictions.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Hong Kong: Shares start Friday with gains[HONG KONG] Hong Kong stocks rose again in the opening minutes of trade Friday as investors looked past more bleak US jobs data and focused on the gradual lifting of virus-induced lockdowns that have hammered the world economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
#Stayhome guide for Friday: Make your own kaya, sweat it out in a HIIT boxing class and moreStay in and help fight Covid-19. The Straits Times recommends fun, uplifting things to do each day.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
AB InBev sees 'materially worse' second quarter after first-quarter profit dropBRUSSELS: Anheuser-Busch InBev , the world's largest beer maker, reported a decline in profit in the first quarter as coronavirus restrictions ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
BMW reports first-quarter profit rise as coronavirus saps demandBMW AG on Wednesday reported a 133per cent rise in first-quarter operating profit, due to the absence of a one-off provision in the year-earlier ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »