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.
Siemens Financial Services recorded higher results in a volatile credit environment. The same quarter of the previous year was impacted by Russia-related charges of €123 million. Strong impetus came from the investment business, such as a gain of €57 million from the sale of a stake in an investment. According to the Group, the third quarter of 2022 also included a gain on disposal of EUR 66 million and a revaluation gain, both in connection with shares in equity investments The fact that total assets nevertheless decreased is primarily due to negative currency translation effects.