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STOCKS NEWS EUROPE-Siemens shares rise on Q1 results, orders

Reuters - UK Focus

Shares in Siemens rise 0.8 percent after the company posts a 15 percent jump in fiscal first-quarter core operating profit while new orders in the period rise 9 percent.

"Strong orders and solid start to the year", Societe Generale (Paris: FR0000130809 - news) analysts write, while Kepler Cheuvreux confirms its "buy" rating, also pointing to orders in the first quarter.

Siemens, whose shares are up 22 percent since the beginning of last year, says its first-quarter new orders came in at 20.84 billion euros ($28.49 billion).

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Reuters messaging rm://christoph.steitz.thomsonreuters.com@reuters.net