The market had a negative response to engineering major Siemens Limited’s third-quarter results (this is Q3 for Siemens which has a September year-ending). The electrical engineering / capital goods major has clearly been badly affected by supply chain issues and margins have been hit by inflation. The management guidance was notably cautious with a lot of focus on risks in the near-future pointing at “Global headwinds impacting (future) demand”.
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First Published: Thu, August 04 2022. 00:45 IST