2023-05-17 07:12:43
MADRID, 17 May. (EUROPA PRESS) –
The German engineering group Siemens obtained net attributable profit of 3,477 million euros between January and March, the second fiscal quarter for the company, which represents more than triple the result of 1,034 million recorded in the same period of the previous year, according to the multinational has reported, which has revised its annual forecasts upwards.
Siemens has specified that its fiscal second-quarter profit reflects the favorable impact of the reversal of the impairment of Siemens’ stake in Siemens Energy, which resulted in a tax-free profit of 1.6 billion.
The turnover of the German between January and March 2023 reached 19,416 million euros, 13.9% above the income recorded in the second quarter of the previous year, while the orders received increased by 12.7% year-on-year, up to 23,638 million.
Specifically, Siemens’ digital business increased its revenue by 21%, up to 5,537 million, while the intelligent infrastructure area had a turnover of 4,908 million, also 22% more. For its part, the Siemens mobility business increased its turnover by 25%, up to 2,666 million, while the medical technology unit entered 5,345 million, 2% less.
In this way, in the first fiscal semester of Siemens, the German company obtained an attributable net profit of 4,953 million euros, 85% more than in the same period of the previous year, while the turnover grew by 12%, up to 37,486 million euros and orders received increased by 2%, up to 46,258 million.
For the year as a whole, the multinational has expected growth in its comparable revenues, discounting the effect of the exchange rate, in a range of 9% to 11%, compared to the previous range of between 7% and 10%.
For the digital division, Siemens expects like-for-like revenue growth of 17% to 20%, versus the previous range of 12% to 15%, with a profit margin of 22.5% to 23.5%, versus to the previous range of 20% to 22%.
In smart infrastructure, it now expects to raise revenue by 14-16%, where it previously expected growth of 9-12%, with a profit margin of 14.5-15.5%. Likewise, in mobility, it anticipates an increase in revenue of 10% to 12%, compared to the range of 6% to 9% previously forecast, maintaining the expected profit margin between 8% and 10%.
“Siemens continues its excellent performance, achieving several records, including impressive margin increases and all-time high profits for Digital Industries and Smart Infrastructures, as well as another order book record,” said Roland Busch, Siemens Chairman and CEO. .
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