Siemens reported a mixed set of results. Q3 orders were strong and revenues were in line with expectations, while profits came in 12% below the street’s expectations. The miss was mainly attributable to Digital Industries which was impacted by the softer environment. FCF was also disappointing as it slumped by 51%, though it is expected to recover in the last quarter.
01 Aug 2019
Huge miss in profits and FCF
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Huge miss in profits and FCF
Siemens Aktiengesellschaft (SIE:WBO) | 0 0 0.4% | Mkt Cap: 93,908m
- Published:
01 Aug 2019 -
Author:
Luis Pereira -
Pages:
3
Siemens reported a mixed set of results. Q3 orders were strong and revenues were in line with expectations, while profits came in 12% below the street’s expectations. The miss was mainly attributable to Digital Industries which was impacted by the softer environment. FCF was also disappointing as it slumped by 51%, though it is expected to recover in the last quarter.