Industrial economy rebounds! Siemens (SIEGY.US) Q2 performance exceeds expectations, maintains full-year sales guidance.

German industrial giant Siemens (SIEGY.US) said on Thursday that, despite "increased uncertainty," the company still expects sales to grow by 3% to 7% for the full year. The company also reported better-than-expected second-quarter performance. Data showed that Siemens' industrial profit grew by 29% in the second quarter to 3.24 billion euros (around 3.63 billion dollars). This figure exceeded analysts' average forecast of 2.75 billion euros, thanks to the 315 million euros profit gained from selling its building wiring business to ABB. Siemens' products include factory software, controllers, and trains. Siemens' second-quarter sales increased by 7% to 19.76 billion euros, beating market expectations of 19.22 billion euros, with orders growing by 10%. Siemens CEO Roland Busch said, "Our customers continue to rely on our technology, and our global footprint demonstrates our resilience." In March of this year, Siemens CFO Ralf Thomas pointed out that due to tariff uncertainties, customers were hesitant and many postponed investment decisions. However, Siemens said that the situation for most of their businesses is improving. The company's performance reflects the broader industrial economic conditions. While Siemens' flagship automation division Digital Industries struggled with a 5% decline in revenue, Siemens said that the trend of customers destocking is coming to an end. The Smart Infrastructure division offset this weakness, combining hardware and software to manage power, heating, cooling, lighting, and data in buildings. Thanks to the sale of the building wiring business, the division's sales increased by 12% and profit by 61%. This division benefited from the ongoing demand for electrification, distribution and artificial intelligence data center construction. With global investments in railway and transportation infrastructure driving growth, Siemens' Mobility business also saw an increase in revenue and profit.