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SHARE IN FOCUS: Strong cash flow makes Siemens one of the DAX darlings

Thursday, 11/11/2021 11:03 AM from

dpa-AFX

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FRANKFURT (dpa-AFX) – Siemens (Siemens share) have on Thursday after fiscal year figures to the top values ​​in the Dax heard. 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.

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