Siemens reported industrial profit in line with forecasts for its latest quarter on Thursday, although the weakening dollar weighed on the German engineering group's figures.

Revenue rose 3% to 19.38 billion euros, beating forecasts for 19.24 billion euros. "Our third-quarter performance demonstrates that Siemens is delivering robust results despite the volatile global market," said Chief Executive Roland Busch in a statement.

Siemens Energy on Wednesday posted a profit of €697 million ($807 million) for its third quarter, reversing a €102 million loss a year earlier despite ongoing challenges from US tariffs and a struggling wind-power division.