Siemens AG (ADR) (NYSE:SI)‘s stock hasn’t fared so well recently: Its shares have shed 4.8% year to date. Incrased exports should help if that trend keeps up, as Siemens AG (ADR) (NYSE:SI) conducts a significant amount of international business as Germany’s pre-eminent engineering firm. Company leadership still projects a double-digit profit margin for 2014 despite the weak business climate in Europe, although Siemens AG (ADR) (NYSE:SI) has already lowered its outlook for the current year as solar-related losses and other charges weigh on its bottom line. Siemens AG (ADR) (NYSE:SI) will need to charge up its energy business to succeed, as the company expects profit from the unit to come in on the low side of earlier full-year projections.
The article Europe’s Downturn Drags Down German Manufacturers originally appeared on Fool.com is written by Dan Carroll.
Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.
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