May 15, 08:52 AM

Siemens Q2 Profit Rises 29% to €3.24 Billion; Thyssenkrupp Shares Plunge 12% on Tariff Uncertainty, DAX Declines

Siemens reported a 29% year-over-year increase in industrial business profit for the second quarter, reaching €3.24 billion, surpassing revenue and profit expectations despite ongoing market uncertainties. In contrast, Thyssenkrupp experienced a decline in earnings due to weak demand from automotive and industrial sectors, compounded by tariff-related uncertainties. Despite reaffirming its full-year guidance, Thyssenkrupp's shares plunged more than 12% following the disappointing results, contributing to a decline in the DAX index. Additionally, market sentiment was affected by the prospect of a U.S.-Iran atomic agreement, which pressured oil prices.

#Siemens #Thyssenkrupp

Written with ChatGPT (GPT-4).

Sources

Business AM@businessamnl
1 year ago
Siemens rapporteert sterke groei in het eerste kwartaal https://t.co/CqJJslGlx7 #Siemens #groei #bedrijfsresultaten #technologie #gezondheidszorg https://t.co/LAZDXFCJJW
Reuters Business@ReutersBiz
1 year ago
While Thyssenkrupp reported worse than expected earnings, Siemens reported better-than-expected profit during its second quarter ‘despite increased uncertainty.’ Read more: https://t.co/GCnunt1bzz https://t.co/LZvSCa2Xpq
Reuters@Reuters
1 year ago
While Thyssenkrupp reported worse than expected earnings, Siemens reported better-than-expected profit during its second quarter ‘despite increased uncertainty.’ More here: https://t.co/rTRWLmsp8c https://t.co/YpSkibTnOO

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