Siemens AG : Russia acting as a drag on Q2 but solid demand helps confirm 2022 guidance
>Q2 2022 heavily impacted by Russia - Orders rose by 22% l-f-l, with all divisions contributing (DI +32%, SI +22% and Mobility +13%). The group acknowledges that customers are anticipating orders (supply chain under pressure, price increases) without being able to quantify this. Sales reached € 17bn (+7% l-f-l) and adjusted industrial EBITA totalled € 1,777m, i.e. a margin of 11% (vs 15.1% expected by the consensus). The group estimates that the negative impact ...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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