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More on Siemens (SI) FQ1: order intake -3.3% to €19.1B vs consensus of €18.9B....

More on Siemens (SI) FQ1: order intake -3.3% to €19.1B vs consensus of €18.9B. Forecasts that FY profit will drop to €4.5-5B from €5.18B last year, due to €1B of costs from €6B savings program. Profit across four core business sectors +4.4% to €1.7B: energy +12%, healthcare +38%, industry -10%, infrastructure & cities -36%. However, warns of weak industrial demand while solar-energy unit loses €150M. Shareholders due to vote today on spinning off Osram. Shares -1% in Frankfurt.

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