(new: share price, experts and details)

FRANKFURT (dpa-AFX Broker) - Siemens shares came under heavy pressure on Tuesday in the wake of negatively received signals at an investor conference. With a drop of 5.5 percent to 173.54 euros, they brought up the rear of the slightly rising Dax in the afternoon and again approached the 50-day line, which indicates the medium-term price trend.

At Bank of America's investor conference, the Munich-based technology group struck a more pessimistic note, said one investor. Order growth is meagre, especially demand from China.

Analyst Andrew Wilson from JPMorgan wrote that CFO Ralf Thomas had dampened expectations for the Digital Industries division for the second financial quarter. The reason for this is a slower upturn in business in China. Despite the confirmation of the annual targets, Wilson now sees clear risks for the sales forecast for this business. Investors are likely to factor in a reduction.

However, expert Mark Fielding from the Canadian bank RBC did not see the caution of the Siemens CFO as a downside risk with regard to the Group as a whole. According to the expert, a less strong performance in the Digital Industries division was offset by a better performance in the Smart Infrastructure business unit.

Siemens shares reached a record high of almost 187 euros on Friday. They had thus gained ten percent in the current year. In the meantime, however, the increase has dwindled to just over two percent. In the wake of Siemens, the shares of competitors Schneider Electric and ABB also reacted negatively on Tuesday./ajx/bek/jha/


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