Siemens AG (SIEGY.PK, SMAWF), a German conglomerate, reported a profit for the first quarter of fiscal year 2023 that declined about 10 percent from last year, while quarterly revenue rose about 10% from the prior year. The company raised its outlook for fiscal year 2023.
Looking ahead for fiscal year 2023, Siemens now expects profitable growth of industrial businesses to drive an increase in basic earnings per share pre PPA to a range of 8.90 euros - 9.40 euros compared to the prior outlook of 8.70 euros - 9.20 euros per share.
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