1152 GMT - The timeline of Siemens's spinoff of Healthineers is slow and clarification on the tax treatment is still pending, Deutsche Bank Research analyst Gael de-Bray says in a note to clients. Siemens Healthineers' performance remains a drag on the German conglomerate, de-Bray says. "Mobility's 25% profit miss and the acquisition of Italian rail signaling company Mermec also serve as a reminder that Siemens' portfolio is broader than solely automation and electrification," the analyst adds. Half of the group's portfolio--digital industries and smart infrastructure divisions--beat consensus, while the other half--Healthineers, mobility, and financial services--missed expectations significantly during the second quarter, de-Bray says. Siemens group shares trade 1.1% higher at 262.6 euros, while Siemens Healthineers trades broadly flat at 33.22 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
May 18, 2026 07:52 ET (11:52 GMT)
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