ZURICH, Nov 14 (Reuters) - Siemens reported a

drop in profit at its industrial business on Thursday and

lowered its sales target for next year, citing geopolitical

risks like trade conflicts and weak consumer demand.

The German engineering group said its industrial profit fell

7% to 3.12 billion euros ($3.29 billion) in the three months to

the end of September, ahead of analyst forecasts for 3.0 billion

euros.

The trains to industrial software maker, whose results are

seen as a bellwether for the broader economy due its products

being used in factories and infrastructure projects, reported

revenue rising to 20.81 billion euros, slightly better than

forecasts of 20.77 billion euros.

On a comparable basis, which cuts out the impact of currency

swings, acquisitions and disposals, sales rose 2%.

For the company's next financial year, which runs to the end

of September 2025, Siemens said it expects its comparable

revenue to increase by 3-7%, down from its 2024 goal for an

increase of 4-8%.

For the full year, revenues on a comparable basis increased

by 3%, with Siemens flagging more difficult times ahead.

"We anticipate moderate macroeconomic growth in fiscal

2025, due in part to continuing geopolitical uncertainty

including trade conflicts, and also to ongoing challenges for

the manufacturing sector due to overcapacity and weak consumer

demand," Siemens said.

"At the same time, infrastructure markets, particularly

in electrification and mobility, remain strong."

($1 = 0.9486 euros)