Siemens AG : Digital Industries is weighing on performance, but the story is being de-risked
>Q3 is better than expected driven by software and the SI division - The Q3 2024 orders fell by 15% l-f-l (consensus at -16.3%) at € 19.8bn, with a book-to-bill of 1.05. Sales were up 5% l-f-l to € 18.9bn (consensus 4.3%) and adjusted industrial EBITA was € 3,033m, i.e. a margin of 16.5% (vs consensus at 15.4%). Industrial profit was therefore 4% above consensus forecasts (once restated for the € 70m in capital gains from the divestment at DI). Pre-PPA EPS was € 2.66 ...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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