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Siemens to stick to profit forecast; no writedown on DRC

Mar. 31, 2015 7:23 AM ETSiemens Aktiengesellschaft (SIEGY) StockDRC, SMAWF, SIEGY, SMQFYBy: Yoel Minkoff, SA News Editor
  • Siemens (OTCPK:SIEGY) will confirm its full-year forecasts when it reports quarterly results in May, a senior company source told Reuters.
  • "Business is running exceptionally stably, according to plan," the source said.
  • The person also added that Siemens saw no prospect of having to write down U.S. oilfield equipment maker Dresser-Rand (NYSE:DRC) (which it agreed to buy for $7.6B) despite the steep drop in oil prices since the deal was struck last year.

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