Wednesday, May 11, 2022

Siemens Q2 Profit Declines; Revenue Up 7% On Comparable Basis; Decides To Exit Russian Market

Siemens AG (SIEGY.PK, SMAWF) reported second-quarter EPS pre purchase price allocation accounting of 1.50 euros, a decline of 49% from a year ago. Orders rose 22% and revenue grew 7% on a comparable basis, excluding currency translation and portfolio effects, primarily the acquisition of Varian Medical Systems, Inc.

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