SIEM Shows Resilience and Improvement in Financial Performance

Siemens (Pakistan) Engineering, trading as SIEM on the Pakistan Stock Exchange, has been operating in Pakistan since 1953. The company specializes in project execution, manufacturing, installation, and sale of electronic and electrical capital goods. SIEM's business segments include smart infrastructure, digital industries, smart grid, smart buildings, power generation and distribution, automation, and digitization.

As of September 30, 2022, SIEM has 8.247 million outstanding shares held by 1494 shareholders. Siemens AG from Germany holds the majority stake at 74.65%, followed by NIT and ICP. The company faced challenges in 2019 and 2020 but showed improvement in 2021.

In 2019, SIEM experienced a drop in revenue and profit margins due to economic conditions and completion of major projects. The following year, the impact of COVID-19 led to further revenue decline and operating losses. However, in 2021, revenue increased by 12% driven by growth in the energy transmission business, leading to improved financial performance.

Siemens (Pakistan) Engineering, despite facing challenges in recent years, has shown resilience and improvement in its financial performance. The company's strategic measures and focus on key business segments have contributed to its recovery. Moving forward, SIEM aims to continue its growth trajectory and enhance its position in the market.