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SIE Siemens AG

179.94
0.40 (0.22%)
19:05:09 - Realtime Data
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

Siemens 1Q Net Profit, Revenue Rose

05/02/2020 6:29am

Dow Jones News


Siemens (TG:SIE)
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From May 2019 to May 2024

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   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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