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Siemens reports €34.8 billion in quarterly orders and raises its ambitions

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Siemens AG reported record orders of €34.8 billion for its fiscal fourth quarter on 12 November 2026, up 58%. The German group forecasts comparable revenue growth of 9–11% for 2027.

Quarterly revenue reached €23.7 billion, an 11% annual increase. Finwire reports that industrial business profit of about €3.9 billion exceeded the €3.71 billion consensus compiled by the company.

The board proposes a dividend of €5.50 per share, up from €5.35; this remains a proposal. The 2027 outlook excludes Siemens Healthineers, which Siemens plans to deconsolidate. That change in scope matters when comparing annual figures. The targets remain company forecasts.

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