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| Name | Symbol | Market | Type |
|---|---|---|---|
| Siemens AG (PK) | USOTC:SIEGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.58 | 0.62% | 94.11 | 94.05 | 94.24 | 94.61 | 93.44 | 94.61 | 42,091 | 18:50:15 |
From May 2019 to May 2024
By Kim Richters
Siemens AG on Thursday reported a rise in its fourth-quarter profit, beating expectations, and issued guidance for the current fiscal year.
The German engineering conglomerate's net profit for the period ended Sept. 30 rose to 1.76 billion euros ($2.07 billion) from EUR1.32 billion a year earlier, benefiting from higher income from discontinued operations and beating analysts' expectations of EUR1.72 billion, according to a consensus forecast provided by the company.
Siemens' industrial profit margin for the quarter was 18.7% compared with 16.0% a year earlier.
Revenue for the quarter fell 6% to EUR15.31 billion, while orders declined 1% to EUR15.56 billion. Both were hit by negative currency translation effects, Siemens said.
The company proposed a dividend of EUR3.50 a share for fiscal 2020, down from EUR3.90 the previous year.
For the current full fiscal year 2021, Siemens expects moderate growth for comparable revenue and net income.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
November 12, 2020 01:42 ET (06:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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