Report
Delphine Brault ...
  • Quentin Borie

Siemens AG : After a good Q4, we deem the 2023 targets ambitious

>A solid Q4, which shows no signs of slowing - Siemens reported its Q4 results yesterday morning (see our First Take). Order intake remained robust (+7% l-f-l) and sales rose by 12% on an organic basis to € 20.6bn. Adjusted industrial EBITA was € 3,159m (13% above consensus), representing a margin of 16.2% +220bp (vs 15.3% expected by the consensus). EPS before PPA was € 3.59. The group will propose a dividend of € 4.25 per share. The group beat it all expectatio...
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

Quentin Borie

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