Forecast raisedSiemens earns significantly more
In the past second quarter of fiscal year 2023, Siemens almost tripled its profit compared to the same period of the previous year.
Siemens comments on the "Reconciliation of Consolidated Financial Statements" as follows: Result from Siemens Energy investment with non-cash income of €1.6 billion from partial reversal of an earlier impairment on Siemens' stake in Siemens Energy AG due to the significantly higher share price compared to the time the impairment was recognized in Q3/22; in addition, non-cash income of in connection with a capital increase of Siemens Energy AG, in which Siemens did not participate; Siemens' share in Siemens Energy AG decreased from 35.1% to 31.9% as a result
Financing, consolidations and other items included a revaluation loss of €67 million on the investment in Thoughtworks Holding, Inc.