Siemens’ Q3 results were strong and ahead of consensus in profitability and FCF generation. Management confirmed the 2020 outlook and announced an acceleration in DI’s cost savings, which will be fully completed in 2021 instead of 2023.
06 Aug 2020
Impressive Q3 figures ahead of expectations
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Impressive Q3 figures ahead of expectations
Siemens Aktiengesellschaft (SIE:WBO) | 0 0 0.4% | Mkt Cap: 93,908m
- Published:
06 Aug 2020 -
Author:
Luis Pereira -
Pages:
3
Siemens’ Q3 results were strong and ahead of consensus in profitability and FCF generation. Management confirmed the 2020 outlook and announced an acceleration in DI’s cost savings, which will be fully completed in 2021 instead of 2023.