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Wednesday, 26 January 2011

Siemens First Quarter Profit Rises as Automation, Turbine Sales Increase
Jan 25, 2011

Siemens AG, Europe’s largest engineering company, said fiscal first-quarter profit increased as the manufacturer delivered more industrial automation equipment and wind turbines.
An economic recovery in its home market and growth abroad have increased demand for Siemens’s industrial products. The company won its largest order for onshore wind turbines to date in the quarter, and Siemens reiterated today that it’s confident to meet its full-year earnings targets.
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