SMAWF - Siemens reports Q3 results; reaffirms FY23 guidance
2023-08-10 01:30:29 ET
- Siemens press release ( OTCPK:SIEGY ): Q3 basic earnings per share were €1.61 and EPS before purchase price allocation accounting were €1.78.
- Revenue of €18.89B (+5.7% Y/Y).
- Orders rose 15% and revenue grew 10% on a comparable basis, excluding currency translation and portfolio effects.
- On a nominal basis, orders grew 10% to €24.2 billions; the book-to-bill ratio was 1.28.
- Outlook: For the Siemens Group we continue to expect comparable revenue growth, net of currency translation and portfolio effects, in the range of 9% to 11% and a book-to-bill ratio above. Digital Industries now expects for fiscal 2023 to achieve comparable revenue growth of 13% to 15% (previously expected at 17% to 20%). The profit margin is now expected to be in the range of 22% to 23% (previously expected at 22.5% to 23.5%). Smart Infrastructure continues to expect for fiscal 2023 comparable revenue growth of 14% to 16% and a profit margin in the range of 14.5% to 15.5%. Mobility continues to expect for fiscal 2023 comparable revenue growth of 10% to 12% and a profit margin in the range of 8% to 10%. We continue to expect the profitable growth of our industrial businesses to drive an increase in EPS pre PPA to a range of €9.60 to €9.90 in fiscal 2023 excluding Siemens Energy Investment, which during the first nine months of fiscal 2023 contributed €902 million to Net income and corresponding EPS pre PPA of €1.14.
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Siemens reports Q3 results; reaffirms FY23 guidance