Siemens AG : A good start to the year, even restated for positive exceptionals, 2024 targets confirmed
>Q1 2024: Siemens makes a good start to the year - Q1 2024 order intake was up 2% l-f-l, and came as a welcome surprise (9% above forecasts) to € 22.3bn (consensus at -5.3%). The difference mainly stemmed from the Mobility division. The book-to-bill was 1.21. Sales grew 6% l-f-l to € 18.4bn (consensus at 5.8%) and industrial EBITA was € 2,723m, i.e. a margin of 15.8% (vs 15.1% for consensus). Industrial profit was thus 3% above consensus expectations. However, this in...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.
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.
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