1110 GMT - Siemens' fiscal 2025 guidance for smart infrastructure looks beatable, which is expected to be a focus at the capital markets day in December, Berenberg analysts Philip Buller and Scott Humphreys say in a research note. The German conglomerate targets comparable revenue and a profit margin for smart infrastructure in line with consensus estimates, which the analysts believe to contain more upside than downside risk. The division posted quarterly order uptake of 14% on year organically, 3% ahead of consensus. "This looks to be broad based by geography, with orders up by 6% in the U.S due to tough comparables from this time last year," the analysts say. Shares trade 6.2% higher at 190.58 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
November 14, 2024 06:10 ET (11:10 GMT)
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