1053 GMT - Siemens posted guidance for its new fiscal year in line with market views, Stifel analyst Alexander Wahl says. Consensus expects the German technology conglomerate to achieve comparable revenue growth of 4.9% in fiscal 2025, which falls in the company's guidance, Wahl writes in a research note. For digital industries, consensus sees a 1.4% contraction in comparable revenue and a profit margin of 17.7%, also in line with Siemens' expectations. Within smart infrastructure, consensus sees comparable revenue growth of 7% and a 17.4% margin, Wahl says. These figures also fall within the company's expected ranges. Shares trade 6.7% higher at 191.40 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
November 14, 2024 05:53 ET (10:53 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments