Siemens up on 'highly unusual' guidance hike, Q4 beat

Siemens AG

Yesterday 07:40

** Shares in Siemens rise 4.4% in early Frankfurt trade after the German industrial group raised mid-term guidance following a Q4 beat
** Siemens sees mid-term annual comparable revenue growth of 7%-11% (prev.: 6%-9%), citing strong data centre demand linked to AI
** J.P. Morgan says the guidance hike is a surprise ahead of the expected capital markets day in late 2027/early 2028 -- "highly unusual for Siemens"
** Siemens' Q4 industrial profit rises to €3.89 billion ($4.31 billion), topping analysts' forecast of €3.71 billion, while orders jump 58% to €34.77 billion, against €27.48 billion seen in consensus
** Jefferies says Siemens delivered a "strong finish" in Q4, with Smart Infrastructure and Digital Industries orders beating expectations by double digits

($1 = 0.9027 euros)

(Reporting by Aleksandra Kret in Gdansk)
((aleksandra.kret@thomsonreuters.com))