Siemens 2Q Net Profit Halves, Beats Est.; 2016 Outlook Confirmed
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
SIE GR (Siemens AG)
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UUID: 7947283
- 2Q rev. EU19b vs EU18.05b; est. EU19.3b
- Profit industrial business up 28% to EU2.12b; est. EU1.92b
- Margin 10.9% vs 9%; margin excl. severance 11.4%
- Income from cont. operations EU1.39b vs EU2b
- Net income EU1.48b vs EU3.91b; est. EU1.08b
- EPS EU1.78 vs EU4.70; est. EU1.32
- Orders up 7% to EU22.3b
- Raises slightly targeted cost savings for FY16 to EU850m-950m; saw EU800m-900m
- Says cost savings target for FY17 unchanged at EU1b
- Still sees 2016 EPS of EU6.00-EU6.40, industrial profit margin of 10%-11%, moderate rev. growth, orders to materially exceed rev., sees book-to-bill >1
- Statement
- Call at 10:15 CET
Source: BFW (Bloomberg First Word)
Tickers
SIE GR (Siemens AG)
To de-activate this alert, click here
UUID: 7947283