Siemens expects sales to grow 10%-17% in '99, with profit advancing even more
Article Abstract:
Siemens AG announced that the company will reach its sales and profit-growth expectations for the year ending on September 30, 1999. Siemens had forecasted that it would see profit-growth and sales in the double-digits. The company is expecting to see its fiscal year group sales improve by 10% to 17%. The 1999 fiscal year is a major period for Siemens' 4 billion deutschemark ($2.18 billion) restructuring program.
Comment:
Announced that co will reach sales and profit-growth expectations for year ending on September 30, 1999
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Siemens reports 17% profit increase
Article Abstract:
Siemens AG announced that it is moving in the right direction in terms of fulfilling its double-digit profit and sales growth targets for the 1999 year. Siemens posted a 17% improvement in its profits for the nine-month period ending on June 30, 1999. The company's earnings reached 2.09 billion deutschemarks (1.07 billion euros) for the period. This was along the lines of what analysts had expected.
Comment:
Posts 17% improvement in profits for nine-month period ending June 30, 1999
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Siemens reports rise of 82% in net but stock tumbles
Article Abstract:
Siemens AG posted an increase of 82% in its net profits for the 2000 year. The company posted 3.38 billion euros in earnings for the year before extraordinary items. However, Siemens' share value fell 4.6% due to concerns over the company's ability to maintain pace of growth.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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