German engineering giant Siemens said Thursday its third quarter profit was down slightly and predicted a complex year, citing "geopolitical tensions."
Net income stood at 1.38 billion euros ($1.5 billion), down two percent year on year for April to June, said the Munich-based company.
Siemens, whose products include trains, gas turbines and medical equipment, confirmed its full-year outlook of an industrial business profit margin of 10 to 11 percent.
"Overall our businesses delivered solid underlying profitability despite a softening market environment," said CEO Joe Kaeser.
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