Now Siemens forecasts that its earnings per share – the main profitability indicator – will reach between 11.20 and 11.50 euros this year, compared to the February forecast range of 10.70–11.10 euros.
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“We have once again completed a very successful quarter,” said Siemens CEO Rolandas Buschas (Rolandas Bušas). “Our technological leadership in all business areas, clear focus on industrial artificial intelligence, and strong position in attractive markets drive our profitable growth.”
Siemens reported that net profit in the second quarter of this year increased by 15% to 2.6 billion euros compared to the same period last year, while sales rose 8% to 20.8 billion euros.
Profit grew the most in Siemens’ Smart Infrastructure division, which supplies electrical equipment to data centers and other industrial customers, as well as in the Digital Industries division, which specializes in process automation software.
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Meanwhile, order volumes – an indicator of future turnover – reached a record 27.9 billion euros, 14% more than in the same period last year, so Siemens’ order backlog stands at 132 billion euros.
Order volumes in the Smart Infrastructure division, which is close to the DI area, increased by 42%.
