Q3/2023Siemens reports strong order intake
Solid is how the results for the 3rd quarter can be described. Siemens was able to increase sales by 10 % and incoming orders were 15 % up on the same period last year at 24.2 billion euros. However, the forecast has not been raised.
On a comparable basis, turnover in the Digital Industries division increased by 11% to EUR 5.3 billion. The automation businesses in particular contributed to this, including Factory Automation and Process Automation. Order intake fell by 35% to EUR 4.1 billion on a comparable basis. The decline extends across all regions and is due to the development of incoming orders in the Factory Automation business. Orders here were higher in the previous quarters due to customer orders being brought forward. The software business is developing well: here, incoming orders increased due to several larger orders. Earnings grew by 24% to EUR 1.1 billion, while the earnings margin amounted to 21.1%. Growth was supported by higher capacity utilization and a more favourable business mix with improved component availability for high-margin products.