Siemens Q1/2023Siemens raises forecast
A good start to the new fiscal year has Siemens looking to the coming fiscal year with confidence: The Group is raising its forecast.
Siemens increased consolidated sales by 10% to just under 18.1 billion euros. The comparable growth was 8%. The result of the industrial businesses increased by 9% to just under 2.7 billion euros. Analysts had previously expected an operating result at around the previous year's level. However, profit after tax fell to around 1.6 billion euros. Among other things, a higher loss at Siemens Energy had a negative impact here. In addition, Siemens had benefited from a special gain in the same quarter of the previous year, and the 7% drop in order intake to 22.6 billion euros was a minor downer. However, Siemens had benefited greatly last year from orders brought forward, particularly in the digitalization division, as well as major orders at Siemens Mobility. Analysts had also expected less here.