SIEGY - Siemens Expects Its Industrial Business To Continue Profitable Growth: Details | Benzinga
Siemens AG (OTC: SIEGY) reported Q4 FY23 revenue growth of 4% Y/Y (+10% Y/Y on a comparable basis) to €21.4 billion.
In USD, revenue stood at $23.2 billion, beating the consensus per Reuters.
Orders remained flat Y/Y (+6% Y/Y on a comparable basis) to €21.8 billion, led by higher volume from large orders in Mobility and growth in Siemens Healthineers and Smart Infrastructure.
Profit Industrial Business rose 7% Y/Y to €3.38 billion. Also, margins expanded to 16.5% from 16.2% a year ago.
Basic EPS stood at €2.17 vs. €3.39 in the prior year. EPS before