Vladimír Urbánek (Kurzy.cz)
World markets  |  July 26, 2012 10:56:27

Siemens 2Q profit grew significantly, but not enough to fulfill market expectations. Caution regarding the outlook


The engineering leader, German Siemens, recorded in Q2 of this year, annual growth in net profit by 61% to 1.23 mld.EUR, but this fell short of market estimates, on average, set at 1.4 mld.EUR.

Company management stated that they meet the original goals for this year's annual profit of 5.2 to 5.4 mld.EUR now looks like an "ambitious" plan, which will be difficult to fulfill.

Total revenues in Q2 grew by 10% to 19.5 mld.EUR. The main engine of growth were energy division and the division of health care. Gain energy division rose to 396 million euros, profit healthcare division, then to 683 million euros. Profit Industrial division fell by 26% to 523 million euros. Profit urban infrastructure and services were increased slightly to 215 million euros.

The volume of new orders in Q2 declined by 23% to 17.8 mld.EUR. The decline in orders is partly related to the high comparative base, when the last record 2Q company adopted an order from Deutsche Bahn for 6 mld.EUR.

The company's management announced that it renounces the idea of ??an IPO because of the lighting division Osram difficult market conditions.

Shares of companies responded to the report of the strongest decline in the last 6 months and actually moved less than 3% in the red. Since the beginning of the end of yesterday's company shares fell by 11%.
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Zisk Siemensu ve 2Q výrazně rostl, ale ne dost aby naplnil očekávání trhu. Opatrnost ohledně výhledu

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