In Q4 16 ending in September, revenues increased by 2.9% to €21.9bn. Profit from the so-called industrial business reached €2.45bn (market estimates €2.41bn). EBIT grew 9.8% to €1.79bn and the EBIT margin improved from 7.6% to 8.2%. Net income increased 20.1% to €1.15bn. Order intake however declined 14% to €20.3bn mainly due to large orders in Q4 15 (windpower of around €1.2bn and a large power & gas order in Egypt). Base orders even increased marginall
10 Nov 2016
Exceeding twice-raised guidance
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Exceeding twice-raised guidance
Siemens Aktiengesellschaft (SIE:WBO) | 0 0 0.4% | Mkt Cap: 93,908m
- Published:
10 Nov 2016 -
Author:
Heinz Steffen -
Pages:
3
In Q4 16 ending in September, revenues increased by 2.9% to €21.9bn. Profit from the so-called industrial business reached €2.45bn (market estimates €2.41bn). EBIT grew 9.8% to €1.79bn and the EBIT margin improved from 7.6% to 8.2%. Net income increased 20.1% to €1.15bn. Order intake however declined 14% to €20.3bn mainly due to large orders in Q4 15 (windpower of around €1.2bn and a large power & gas order in Egypt). Base orders even increased marginall