Siemens AG : Excellent Q2, orders normalising at DI, 2023 guidance upgraded
>Q2 2023: still excellent momentum, orders normalising at DI - Q2 2023 order intake came in at € 23.6bn, +15% l-f-l (consensus at +10.4%). Mobility (MO), thanks to the mega contract for locomotives in India, was the main contributor to this growth, while the Digital Industries (DI) and Smart Infrastructure (SI) divisions posted -10% and +9% respectively. The book-to-bill came to 1.22x (0.95x for DI). Sales grew by 15% l-f-l to € 19.4bn (4% ahead of expectations) and a...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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