Siemens sticks to forecast despite uncertainty

FRANKFURT, May 15 (AFP): German industrial giant Siemens reported an unexpected jump in quarterly profits Thursday and stuck to its outlook for the year but warned of "increased uncertainty" in the global economy.
Net profit came in at 2.4 billion euros ($2.7 billion) between January and March, up 11 per cent from a year earlier. Analysts had forecast a slight decline.
The better than expected results were driven by strong performances in the mobility division-which makes products including trains-and the infrastructure unit due to strong demand for data centres.
Sales at the group rose six per cent to 19.8 billion euros.