- Siemens Energy’s Q3 profit before special items was €49 million, surpassing the estimate of €13 million and improving from a loss of €2.05 billion last year.
- Gas Services reported a profit before special items of €186 million, a 37% decrease year-on-year, missing the estimate of €255 million.
- Grid Technologies posted a profit before special items of €237 million, up 49% year-on-year, slightly exceeding the estimate of €236.5 million.
- Transformation of Industry achieved a profit before special items of €103 million, a 47% increase year-on-year, beating the estimate of €77.7 million.
- Siemens Gamesa Renewable Energy saw a loss before special items of €449 million, an 82% decrease year-on-year, better than the estimated loss of €488.1 million.
- Overall revenue was €8.80 billion, a 17% increase year-on-year, and above the estimate of €8.63 billion.
- Gas Services revenue was €2.74 billion, a slight 0.7% rise year-on-year, exceeding the estimate of €2.66 billion.
- Grid Technologies revenue was €2.30 billion, growing 26% year-on-year, although below the estimate of €2.39 billion.
- Transformation of Industry revenue amounted to €1.32 billion, up 23% year-on-year.
- Siemens Gamesa Renewable Energy revenue was €2.57 billion, a 25% increase year-on-year, slightly above the estimate of €2.56 billion.
- Orders totaled €10.36 billion, a 30% decrease year-on-year, missing the estimate of €10.74 billion.
- Net loss stood at €102 million, a 97% improvement year-on-year, and better than the estimated loss of €179.4 million.
- Loss per share was €0.16, in line with the estimate of €0.16.
- Year forecast includes a profit margin before special items ranging from -1% to 1%, with an estimated margin of 0.81%.
- The company anticipates comparable sales growth between 10% and 12%, closely matching the estimate of 11.8%.
- Expected net income of up to €1 billion includes impacts from disposals and portfolio transformation acceleration.
- Siemens Energy aims for positive free cash flow pre-tax ranging from €1 billion to €1.5 billion, up from a previous forecast of up to €1 billion.
- Proceeds from disposals and portfolio transformation are expected to be around €3 billion.
- Gas Services projects comparable revenue growth between -2% to 0% and a profit margin before special items of 9% to 11%.
- Grid Technologies aims for comparable revenue growth of 32% to 34% and a profit margin before special items between 8% and 10%.
- Transformation of Industry expects comparable revenue growth of 14% to 16% and a profit margin before special items of 5% to 7%.
- Siemens Gamesa anticipates comparable revenue growth of 10% to 12% and a negative profit before special items of up to €2 billion, consistent with the previous forecast.
- CEO Christian Bruch expressed optimism about the future, stating, “Despite all the challenges, we are optimistic about the future and after the first nine months, we are well on track to meet our full-year guidance.”
A look at Siemens Energy AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Siemens Energy AG, a leading renewable energy company, receives encouraging Smartkarma Smart Scores for its long-term outlook. With top marks in Resilience and Momentum, the company demonstrates strong stability and positive market sentiment. While Value and Growth scores are moderate, the company’s overall performance is bolstered by its robust resilience and impressive momentum in the industry.
Operating globally, Siemens Energy AG provides essential services in power generation, transmission, and technical consultancy, catering to a diverse customer base. Despite a lower score in the Dividend category, the company’s focus on sustainability and innovation positions it well for future growth opportunities. Investors may find Siemens Energy AG an attractive prospect based on its solid Resilience and Momentum scores, indicating a promising outlook for the company’s long-term performance in the renewable energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
