Siemens dismisses market speculation

13 Oct 2004

Siemens says market speculation that it is preparing to issue a profit warning has been ‘plucked out of thin air’, and has reiterated that it is on target for double-digit growth this fiscal year. The rumours started building on the London trading floor on Tuesday afternoon, suggesting that analysts had met with Siemens officials and garnered a bleak outlook, particularly in regard to the German company’s power and medical businesses.

Germany