Siemens stock surges after confident outlook and strong backlog


FILE PHOTO: A sign with the logo of Siemens company is on display outside its office in Moscow, Russia, May 12, 2022. REUTERS/Evgenia Novozhenina

ZURICH (Reuters) -Siemens shares surged on Thursday after the German technology and engineering group's fourth quarter results beat forecasts and it gave a confident outlook about future industrial demand.

The trains to factory software group's shares were the biggest gainer among European industrial companies, rising 8% after analysts and investors cheered the update.

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