Siemens reported a strong set of results that beat consensus across the board. The group witnessed a surge in orders across all its industrial businesses. Revenue and profitability growth was also high, which resulted in decent FCF generation. Good progress was made on portfolio optimisation with three different deals expected to close in 2022. Despite such a strong result, the group did not raise its outlook, not that it is a negative as the group wants to see how Q2 progresses.
10 Feb 2022
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Siemens Aktiengesellschaft (SIE:ETR) | 0 0 0.0%
- Published:
10 Feb 2022 -
Author:
Kulwinder Rajpal -
Pages:
3
Siemens reported a strong set of results that beat consensus across the board. The group witnessed a surge in orders across all its industrial businesses. Revenue and profitability growth was also high, which resulted in decent FCF generation. Good progress was made on portfolio optimisation with three different deals expected to close in 2022. Despite such a strong result, the group did not raise its outlook, not that it is a negative as the group wants to see how Q2 progresses.