SHARE IN FOCUS: Strong cash flow makes Siemens one of the DAX darlings
FRANKFURT (dpa-AFX) – Siemens was one of the top values in the Dax (DAX 40) on Thursday after fiscal year figures. The shares of the technology company rose later in the morning by 1.5 percent to 149.16 euros. At the same time, the Dax increased minimally. With this, they have continued their good run, with small interruptions, since the beginning of October. Since the beginning of the year, they have now increased by a little more than 40 percent and are among the five best values in the Dax so far.
Analysts said they were satisfied, but also saw minor flaws. In an initial reaction, JPMorgan analyst Andreas Willi praised the Munich-based company’s “super strong cash flow”. The outlook for the 2022 financial year and the higher dividend are also pillars for the share, he emphasized.
Analyst Daniela Costa from the US investment bank Goldman Sachs, on the other hand, called the past quarter mixed. The number of orders and sales were strong, especially in the Digital Industries (DI) division, but the margins in all divisions were weak. The stated goals for the margins in the areas of DI, Smart Infrastructure and Siemens Mobility are also largely in line with expectations. However, it still assumes that market expectations for 2022 are likely to increase in the low single-digit percentage range. / Ck / nas / jha /
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