Siemens Q3/2023

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Siemens reports a solid result for the third quarter of 2023. On a comparable basis, sales grew by 10% to €18.9 billion (Q3/2022: €17.9 billion) and order intake by 15% to €24.2 billion (Q3/2022: €22.0 billion). At €2.8 billion, earnings from industrial business were at a similar level to the same quarter of the previous year (Q3/2022: €2.9 billion), although earnings continue to be impacted by the investment in the former energy division Siemens Energy. Profit after tax therefore amounted to €1.4 billion (Q3/2022: €-1.5 billion).