The Siemens share is trading significantly higher today. This is because the Group is exceeding its own forecast and is preparing to divest further Group units.
The group increased its net income by 59 percent last year. This brings the total to EUR 6.7 billion, which is significantly higher than the expectation raised in the summer. Siemens benefited from continued growth in its key industries. With comparable sales growth of 11.5 percent to 62.3 billion euros, the operating result (adjusted EBITA of the industrial businesses) improved by 17 percent to 8.81 billion euros, the company announced in Munich.
However, analysts had expected more in terms of operating profit; the consensus compiled by Siemens was 8.98 billion euros. In the final quarter, the margins of the Digital Industries, Smart Infrastructure and Mobility operating segments each fell short of expectations.
The dividend is to rise by 50 cents to 4.00 euros, after having been cut by 40 cents for the previous year.
In the new fiscal year 2021/22, Siemens is targeting comparable mid-single-digit percentage growth and earnings per share before the effects of purchase price allocation of €8.70 to €9.10 – compared with €8.32 in the past year.
The share currently stands at 151.16 euros and is just short of its all-time high. Intraday, Siemens is up 2.89 percent.
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