Siemens Q4 Review - Cost Pressures Impact Margin: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Siemens Ltd.’s Q4 FY21 revenues grew 14% YoY to Rs 40 billion on a low base, led by 37% YoY growth in ‘smart infrastructure’ segment to Rs 12.6 billion and 24% YoY growth in digital industries segment to Rs 7.8 billion.Order intake was up 5% YoY to Rs 33.7 billion during the quarter and the orderbook remained strong at Rs 135 billion, providing growth visibility.Cost pressures impacted the Ebitda margin, which contracted 215 basis points YoY to 10.7%. Siemens' order pipeline is strong as the private sector is increasingly investing in automation and efficiency-related solutions.Factoring-in the better execution in Q4 FY21, we marginally raise our earnings estimates by 4.4% and 4.5% for FY22E and FY23E, respectively..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Siemens Q4 Review - Cost Pressures Impact Margin: ICICI Securities

Siemens Q4 Review - Cost Pressures Impact Margin: ICICI Securities

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