Report
Delphine Brault

Siemens AG : Un T1 avec peu de relief en vue (publication mercredi 30)

>Marges et résultats attendus en recul - Nous attendons une marge opérationnelle de 10.7% (-40 pb) et un RN de 1 133 M€ en baisse de 49% (cf ci-dessous). Les commandes devraient être satisfaisantes à 22.2 Md€ (consensus 23.8 Md€) grâce aux divisions PG, EM, MO et SHL, aboutissant à un book-to-bill de 1.09x. Nous anticipons un CA de 20.4 Md€ (consensus aussi à 20.4 Md€), incluant PG et PD en baisse, et MO, DF et SGRE en hausse significative. Les résultats de PG et PD d...
Underlying
Siemens AG

Siemens is a technology company. Co.'s Energy sector provides a range of products, solutions and services for generating and transmitting power. The Healthcare sector provides customers a range of medical solutions across the treatment chain. The Industry sector supplies products and solutions for industrial companies, primarily in the process and manufacturing industries. The Infrastructure & Cities sector provides a range of technologies that accelerates the capabilities of metropolitan centers and urban infrastructures. The Investments segment is comprised of Co.'s equity stakes in other companies. The Financial Services segment provides business-to-business financial solutions.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Delphine Brault

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