Siemens delivered another strong quarter, beating consensus on orders, revenues and FCF. Order growth was driven by SI and Mobility, whereas DI continued to normalise. Revenue growth was boosted by strong execution helped by easing supply chains and improved component availability. However, profitability (Industrial businesses) was slightly below expectations due to a materially weak result at Healthineers. FCF generation was robust with good cash conversion. Lastly, the group raised its FY23 ta ....