Siemens sees possible upside to full-year earnings

Siemens AG Chief Executive Officer Joe Kaeser said Europe's biggest engineering company may beat its earnings forecast for the fiscal year ending this month while the longer-term outlook is clouded by political concerns.

"This year we're going to be fine with our guidance - maybe even some upside to it in a well-working environment," Kaeser said in an interview in Buenos Aires, where he attended a government forum.

"Next year is a new game," the CEO said. "What I am most concerned about next year is the increasing geopolitical instability, which in a capital goods environment is not exactly helpful."