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 assumes that geopolitical tensions will not increase further and that the industrial business will continue to grow profitably as a result. Based on these assumptions, the Group confirmed its forecast for 2024, expecting revenue growth on a comparable basis in the range of 4 to 8% and a book-to-bill ratio of over 1.
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