Siemens’ Q4 results came in slightly ahead on revenues and profits, decently ahead on orders and strongly ahead on FCF. SI and Mobility delivered several positives during the quarter, while DI’s performance was largely driven by software. EPS pre-PPA was slightly ahead of the guidance. FCF amounted to €10bn for the fiscal year. The group will propose a dividend of €4.70 and launch a new €6bn buyback programme. Lastly, the FY24 targets are ahead of the consensus and offer some upside.
16 Nov 2023
Decent finish to FY23, the FY24 targets could turn out to be cautiously optimistic
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Decent finish to FY23, the FY24 targets could turn out to be cautiously optimistic
Siemens Aktiengesellschaft (SIE:ETR) | 0 0 0.0%
- Published:
16 Nov 2023 -
Author:
Kulwinder Rajpal -
Pages:
4
Siemens’ Q4 results came in slightly ahead on revenues and profits, decently ahead on orders and strongly ahead on FCF. SI and Mobility delivered several positives during the quarter, while DI’s performance was largely driven by software. EPS pre-PPA was slightly ahead of the guidance. FCF amounted to €10bn for the fiscal year. The group will propose a dividend of €4.70 and launch a new €6bn buyback programme. Lastly, the FY24 targets are ahead of the consensus and offer some upside.