Business Standard

Siemens Q4 earnings damp squib, but strong revenue expected

Rising commodity and logistics costs impacted margins in Sept qtr and remain an overhang

The Siemens logo is seen on a building in Siemensstadt in Berlin, Germany

Aditi Divekar Mumbai
Siemens’ shares declined 5.5 per cent to Rs 2,152 apiece on the BSE on Thursday as the company's earnings missed Street estimates amidst pressure on margins.

Yet, most brokerages have a neutral, buy or outperform recommendation even as cost pressures may continue in the near-term. They believe that Siemens is poised to benefit in the long term as private capital expenditure improves, thanks to diverse end-market exposure and product portfolio. 

“The company’s addressable market opportunity has been expanding, led by improving private capex spending and larger manufacturing footprint. Unlike peers, Siemens is a play on both public infrastructure, private capex revival with

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First Published: Nov 26 2021 | 1:06 AM IST

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