Siemens Full Year 2023 Earnings: In Line With Expectations

Siemens (ETR:SIE) Full Year 2023 Results

Key Financial Results

• Revenue: €77.8b (up 8.0% from FY 2022).
• Net income: €7.93b (up 112% from FY 2022).
• Profit margin: 10% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €10.02 (up from €4.67 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Siemens Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Industrials industry in Europe.

Performance of the market in Germany.

The company's shares are up 4.1% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Siemens that you need to take into consideration.

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