0831 GMT - Siemens' solid set of first-quarter results are a promising start to the year, Deutsche Bank Research analysts Gael de-Bray and Nabil Najeeb say in a research note. The German conglomerate posted results that were strong on all metrics, particularly on free cash flow, the analysts say. Free cash flow was very strong at 1.6 billion euros, 40% above consensus estimates, they say. Siemens backed its fiscal year outlook, targeting organic revenue growth between 3% and 7%, against consensus of 5%, they say. Shares trade 5.7% higher at 224.45 euros. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
February 13, 2025 03:32 ET (08:32 GMT)
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