Siemens AG

SIE

Equity

ISIN DE0007236101 / Valor 827766

Xetra (2024-09-16)

EUR 162.90-0.71%

Siemens AG
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About company

Siemens AG is a multinational conglomerate that offers a wide range of end-to-end services to various industries. These services include tailored financing solutions, building operation services, and business administration services such as human resources, supply chain management, sales, marketing, and engineering. With a strong presence in the global market, Siemens AG is known for its innovative solutions and commitment to providing comprehensive services to its clients.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

In Q3 FY 2024, Siemens AG reported a 5% increase in third-quarter revenue on a comparable basis, excluding currency translation and portfolio effects. On a nominal basis, revenue rose by 4% to €18.9 billion.

Order Decline

Siemens AG experienced a 15% decline in comparable orders in Q3 FY 2024 compared to the same quarter in the previous year, which had included a record-high level of orders in Mobility. Nominal orders were down 16% at €19.8 billion but still exceeded revenue, resulting in a book-to-bill ratio of 1.05.

Profit Increase

The profit for Siemens AG's Industrial Business rose by 11% to €3.0 billion in Q3 FY 2024. The profit margin for this segment reached 16.5%, significantly higher than the prior-year quarter.

Net Income

Siemens AG reported a net income of €2.1 billion for Q3 FY 2024. The corresponding basic earnings per share (EPS) were €2.51, and EPS before purchase price allocation accounting (EPS pre PPA) stood at €2.66.

Outlook Confirmation

Siemens AG confirmed its full-year outlook for FY 2024, expecting comparable revenue growth for the Siemens Group and a profit margin for Digital Industries at the lower end of the respective ranges. The profit margin for Smart Infrastructure is expected at the upper end of the range.

Summarized from source with an LLMView Source

Key figures

18.0%1Y

8.76%3Y

86.9%5Y

Performance

24.1%1Y

29.1%3Y

30.9%5Y

Volatility