November 17, 2024
Siemens Full Year 2024 Earnings: Revenues Disappoint #UKFinance

Siemens Full Year 2024 Earnings: Revenues Disappoint #UKFinance

CashNews.co

  • Revenue: €75.9b (down 2.4% from FY 2023).

  • Net income: €8.22b (up 3.6% from FY 2023).

  • Profit margin: 11% (in line with FY 2023).

  • EPS: €10.42 (up from €10.02 in FY 2023).

earnings-and-revenue-growth
XTRA:SIE Earnings and Revenue Growth November 17th 2024

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

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Industrials industry in Europe.

Performance of the market in Germany.

The company’s shares are up 2.4% from a week ago.

We should say that we’ve discovered 1 warning sign for Siemens that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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