Siemens quarterly figures Q1/2024Siemens starts better than expected
The first quarter of fiscal year 2024 went well for Siemens: Revenue from September to December 2023 increased nominally by 2% to EUR 18.4 billion, profit after tax by 56% and order intake was also better than many analysts would have expected.
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Siemens Healthineers reported a decline on a comparable basis of five percentage points to €5.601 billion (Q1/2023: €6.087 billion). The book-to-bill ratio was above 1. Earnings and profitability improved as a result of higher revenue and cost reductions in the Diagnostics business in connection with its transformation program.