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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Siemens AG | TG:SIE | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.40 | 0.22% | 179.94 | 179.78 | 180.06 | 180.70 | 173.60 | 179.24 | 82,976 | 19:05:09 |
By Kim Richters
Siemens AG (SIE.XE) on Wednesday reported first-quarter net profit and revenue rose, and it backed its full-year guidance.
Net profit at the German engineering conglomerate rose to 1.08 billion euros ($1.19 billion) from EUR1.01 billion in the same period a year earlier.
Revenue for the quarter increased to EUR20.32 billion from EUR20.12 billion, the company said. However it added that revenue on comparable basis fell 1%. Orders fell to EUR24.76 billion from EUR25.17 billion.
Analysts had expected quarterly net profit of EUR912 million on revenue of EUR22.64 billion, according to a consensus provided by the company.
The company backed its guidance for the its 2020 fiscal year.
Siemens said late Monday that it will acquire Iberdrola's (IBE.MC) stake in the joint-business Siemens Gamesa Renewable Energy (SGRE.MC) for EUR1.1 billion.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
February 05, 2020 01:14 ET (06:14 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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