|Bid||107.96 x 44200|
|Ask||107.98 x 100000|
|Day's Range||107.70 - 110.26|
|52 Week Range||93.67 - 157.96|
|Beta (5Y Monthly)||1.24|
|PE Ratio (TTM)||40.98|
|Earnings Date||Nov 17, 2022|
|Forward Dividend & Yield||4.00 (3.68%)|
|Ex-Dividend Date||Feb 11, 2022|
|1y Target Est||146.63|
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Siemens AG (OTC: SIEGY) reported third-quarter FY22 revenue growth of 11% year-on-year to €17.9 billion. Orders rose 7% Y/Y to €22 billion. Orders increased 1%, and revenue rose 4% on a comparable basis. Profit Industrial Business increased 27% Y/Y, to €2.9 billion, and the corresponding profit margin excluding severance came in at 17.4% (Q2 2021: 15.1%). Basic EPS loss was €(2.06), and EPS loss before purchase price allocation accounting was €(1.85). Siemens generated €2.3 billion in free cash
German industrial group Siemens has reported its first quarterly loss in nearly 12 years after it was forced into a multibillion-euro write down on its spun-off energy business and wound down its 170-year-old operation in Russia. This loss was largely because of a €2.7bn impairment on the value of its stake in Siemens Energy, which has itself been dragged down by the heavily lossmaking Gamesa wind turbine subsidiary, as well as a €400mn write down related to the winding down of Siemens’ operations in Russia. Shares in Siemens Energy, of which Siemens still owns 35 per cent, have more than halved in the space of two years.
European shares edged higher on Thursday after a strong rally in the previous session on signs of U.S. inflation cooling, while Aegon climbed after the Dutch insurer raised its full-year forecast. The pan-European STOXX 600 index rose 0.1%, after clocking its best session in nearly two weeks on Wednesday on bets that a softer-than-expected U.S. inflation reading would encourage the Federal Reserve to become less aggressive on interest rates hikes.