SMAWF - Siemens reports Q3 results

Siemens (OTCPK:SIEGY): Q3 GAAP EPS of €1.68. Revenue of €16.08B (+24% Y/Y) Orders rose 47% Y/Y to €20.49B. Adjusted EBITA Industrial Businesses was €2.3 billion, a 29% increase on strong performances in all industrial businesses, resulting in Adjusted EBITA margin Industrial Businesses of 15.3%. Free cash flow from continuing and discontinued operations, reaching €2.3 billion for the quarter. Outlook: "We raise our expectation for comparable revenue, net of currency translation and portfolio effects, to growth of 11% to 12% (formerly 9% to 11%). We continue to expect a book-to-bill ratio above 1; Digital Industries expects comparable revenue to grow in the range of 10% to 12% (formerly 9% to 11%) year-over-year. The expectation for Adjusted EBITA margin continues to be 20% to 21%; Smart Infrastructure expects to achieve comparable revenue growth of 8% to 9% in fiscal 2021 (formerly 5% to 7%). The expectation for Adjusted EBITA margin continues to

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Siemens reports Q3 results