Siemens AG : Siemens surprises favourably yet again and revises up its 2023 targets
>Good Q1 2023 facilitates upward revision to targets - Orders are down 8% to € 22.6bn (consensus at -15%). The decline was due to demanding comps for digital industries (DI) and mobility (MO). The book-to-bill stood at 1.25x. Revenues were in line with expectations, up 8% on a comparable basis to € 18.1bn and adjusted industrial EBITA reached € 2,687m, representing a margin of 15.6% (vs 14.4% expected by the consensus). Industrial profit was thus 7.5% above conse...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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