Report
Delphine Brault

Siemens AG : Le T3 a été solide malgré la crise. OC relevé à 112 €

>Un T3 affecté par le COVID-19 mais bien supérieur aux attentes - Malgré un discours prudent du management, Siemens AG a publié des commandes de 14.4 Md€ (-7% en org., +5% vs consensus), des revenus de 13.5 Md€ (-5% org., +6% vs css.) et un EBITA ajusté (IB) 54% au-dessus des attentes (1 792 M€, 13.3% de marge vs 9.8% est.). Le FCF est très bon à 2 464 M€ grâce à mobility (MO) et aussi Siemens Energy. Le groupe a fondamentalement bien défendu ses marges et rapidement ...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch