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Munich (dpa) - Siemens is coming out of the Corona crisis with momentum.

After a significant jump in profit from 0.7 billion to 2.4 billion euros in the second fiscal quarter from January to March, the group is increasing its forecast for the second time, as it announced on Friday.

Business with the automotive industry and mechanical engineering, as well as software activities, in particular, went well.

However, the sale of the gear manufacturer Flender also contributed to the jump in profit.

"On this basis, we are even more confident about the second half of our financial year and are significantly raising our outlook both in industrial businesses and for profit after taxes," said CFO Ralf Thomas. At the end of the financial year, a profit of 5.7 to 6.2 billion euros should now stand, that is about 700 million more than last targeted. Sales should also grow faster.

Revenue also increased significantly in the first quarter, increasing by 6 percent to 14.7 billion euros.

Incoming orders increased by 8 percent to 15.9 billion euros.

CEO Roland Busch, who nominally took over the reins of Siemens in the course of the second fiscal quarter, is on course for a strong first year: "I am very pleased that we are delivering excellent results and growing profitably in all of our businesses," said he - "despite persistent uncertainties".

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© dpa-infocom, dpa: 210507-99-501950 / 2

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