The German giant reported this morning a result for all of its industrial activities up 27% to 2.9 billion euros for the quarter ended June, while the consensus was three billion.
Its net result was nevertheless in deficit for 1.5 billion euros, against a net profit of 1.5 billion euros a year earlier, due to a provision for impairment of 2.7 billion euros on its Siemens Energy division.
This activity has been weighed down for several months by the disappointing performance of Siemens Gamesa, its wind energy subsidiary, which is facing serious difficulties in carrying out its projects.
On a like-for-like basis, turnover increased by 4% to 22 billion euros, while its order intake reached 22 billion, against 20.5 billion a year earlier.
Analysts on average forecast a turnover of 15.5 billion for orders of around 20 billion.
Following the depreciation of the valuation of Siemens Energy, the group says it is only aiming for earnings per share (EPS) of between 5.33 and 5.73 euros over the whole of the year, far from the forecast of 8 .70 to 9.10 euros that he had previously established.
On the stock market, the title Siemens fell by 2% Frankfurt after this publication, underperforming a DAX index up by more than 0.2%.
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