Report
Delphine Brault

Siemens AG : Léger ajustement en baisse de nos prévisions opérationnelles mais intégration du gain exceptionnel à venir en ‘énergie’. Nous restons en Neutre

>Résultats du T1 faibles mais soutenus par de l’exceptionnel - Siemens AG a publié des résultats en baisse, en particulier au niveau opérationnel (-30%). Les commandes ont reculé de 4% en comparable et les revenus de 1% (T4 2019 : +2% et +6% resp.) soulignant le glissement conjoncturel. L’EBITA ajusté n’a été que de 1 429 M€ (vs 2 044 M€ au T1 2019), notamment à cause des chiffres décevants de SGRE et de SHL ; GP et Mobility ont également été sous les attentes. En des...
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

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