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MarketScreener Homepage  >  Equities  >  Xetra  >  Siemens AG    SIE   DE0007236101

SIEMENS AG

(SIE)
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Siemens : 1Q Results Beat Expectations; Reviews Fiscal Year 2021 Outlook

01/22/2021 | 02:03am EST

By Kim Richters

Siemens AG said late Thursday that preliminary results for the first quarter of its financial year were broadly ahead of market expectations, prompting the engineering company to review its outlook.

Performance in the months from October to December was driven by the digital industries business, Siemens said, where quarterly sales were flat at 3.77 billion euros ($4.59 billion) and adjusted earnings before interest, taxes and amortization were EUR848 million.

This compared with a sales consensus forecast of EUR3.56 billion and adjusted Ebita consensus expectations of EUR592 million, it said.

Sales for smart infrastructure fell 1% to EUR3.48 billion and adjusted Ebita came in at EUR391 million, according to preliminary figures. Both metrics were ahead of consensus expectations.

Sales at its mobility division were EUR2.19 billion, up 1% compared with the year-earlier period but lower than a consensus of EUR2.26 billion. The unit's adjusted Ebita was also below expectations at EUR219 million.

Siemens said it will now review its fiscal 2021 outlook. Previously, it had expected moderate growth for comparable revenue and after-tax profit.

Full results for the latest period are scheduled to be released Feb. 3, it said.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

01-22-21 0203ET

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Financials
Sales 2021 57 477 M 69 851 M 69 851 M
Net income 2021 5 068 M 6 158 M 6 158 M
Net Debt 2021 29 010 M 35 255 M 35 255 M
P/E ratio 2021 20,9x
Yield 2021 2,69%
Capitalization 104 B 127 B 126 B
EV / Sales 2021 2,31x
EV / Sales 2022 2,15x
Nbr of Employees 197 000
Free-Float 88,0%
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Technical analysis trends SIEMENS AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 146,95 €
Last Close Price 130,18 €
Spread / Highest target 30,6%
Spread / Average Target 12,9%
Spread / Lowest Target -36,2%
EPS Revisions
Managers and Directors
NameTitle
Roland Emil Busch President & Chief Executive Officer
Ralf Peter Thomas Chief Financial Officer
Jim Hagemann Snabe Chairman-Supervisory Board
Hanna Hennig Chief Information Officer
Andreas Christian Hoffmann General Counsel, Head-Legal & Compliance
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