Siemens AG : Russia and Siemens Energy weighed on the group in Q3
>Q3 2022 a shade below expectations and guidance adjusted - Siemens reported its Q3 results yesterday morning (see our First Take). Orders remained strong (+1% l-f-l) and sales rose by 4% on an organic basis to € 17.9bn. Adjusted industrial EBITA reached € 2,882m (5% below consensus), representing a margin of 17% (vs 18.3% expected by the consensus). EPS stood at -€ 2.06 and included € 2.7bn of impairments related to the stake in Siemens Energy.The group has mec...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.
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