SIEMENS

Siemens said that the slowdown in economic growth was at the moment no impact on its books and he estimated a ratio still on orders and sales strong.

"No slowdown is seen in our order books," says the German industrial group in a presentation posted on its website on the occasion of a conference organised by Citigroup.

The Siemens gained 2.91% to 85.17 euros around 14h20 GMT after these statements, rising among the largest increases of the Dax index, which took 1.6%.

The diverse group adds forecast for the current quarter that disposals of property assets will contribute to taxable profits to the tune of 60 to 80 million euros.

Siemens announced in January wanting to cede part of its housing stock, amounting to more than 100 million euros.

These sales, which will focus on production sites, should contribute to the increase in cash flow in 2008, he says Wednesday.

Nicola Leske and Jens Hack, French Marc Angrand
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