Engineering firm Siemens today said group operating profits rose 32 per cent to €1.28 billion in its third quarter.
The company, which employs some 800 people in Ireland, also posted a 14 per cent rise in third-quarter orders, broadly in line with expectations, and said it expected full-year income from continuing operations at least on a par with last year's.
New orders came in at €22.44 billion, boosted by international business and acquisitions, Siemens said today. ales rose 14 per cent to €21.173 billion, beating expectations of €21.006 billion for the industrial conglomerate.
Siemens said organic growth in orders was 9 per cent and in sales was 7 per cent. In Germany, overall orders declined by 2 per cent, and sales edged up 1 per cent.
Net profit more than doubled to €792 million, and income from continuing operations, including a small loss from the disposal of the mobile phones division, was €804 million. Both were worse than the expected €819 million net profit.