- Total preliminary revenue: Siemens Energy reported a preliminary revenue of €8.94 billion, surpassing the estimated €8.45 billion.
- Gas Services: Preliminary revenue was €2.82 billion, slightly below the anticipated €2.84 billion. However, profits exceeded expectations at €412 million compared to the estimate of €359.6 million.
- Grid Technologies: Revenue came in at €2.48 billion, falling short of the €2.58 billion estimate. Nevertheless, profit before special items was higher than expected at €309 million, surpassing the forecast of €286.2 million.
- Transformation of Industry: Achieved a preliminary revenue of €1.34 billion, with profits before special items of €157 million, outperforming the estimate of €124.1 million.
- Siemens Gamesa Renewable Energy: Provided a notable performance with revenue of €2.42 billion surpassing expectations of €2.15 billion. However, it continued to face challenges with a loss of €374 million before special items.
- Overall Profit: Preliminary profit before special items was €481 million, exceeding the estimated €404.2 million.
- Order intake: The company recorded preliminary orders of €13.67 billion, ahead of the expected €12.99 billion.
- Future outlook: Siemens Energy expects its free cash flow pre-tax for 2025 to exceed €1 billion.
- Full earnings will be released on February 12, 2025.
Siemens Energy AG on Smartkarma
Analysts on Smartkarma, a platform for independent investment research, have provided bullish coverage on Siemens Energy AG. Value Investors Club highlights the company’s strong position in the global energy technology and service industry, especially in electricity generation. Despite challenges in its wind turbine business, analysts foresee Siemens Energy doubling in value over the next year due to a robust balance sheet, growing backlog, and attractive valuation.
Business Breakdowns, another contributor on Smartkarma, elaborates on Siemens Energy’s focus on gas, power, and renewables post-spin-off from Siemens. While facing obstacles in its renewables division, such as supply chain disruptions, the company is seen as a front-runner in the energy transition. Analysts like Mark Heiley see potential in Siemens Energy to overcome these challenges and make strides in addressing renewable energy needs.
A look at Siemens Energy AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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 renewable energy company, shows a bright long-term outlook based on its Smartkarma Smart Scores. With impressive ratings of 5 for Growth, Resilience, and Momentum, the company is positioned well for future expansion and sustainability. This indicates strong potential for Siemens Energy to grow its operations and adapt to market changes effectively, providing investors with confidence in its ability to thrive in the long run.
Despite lower scores in Value and Dividend at 2 and 1 respectively, Siemens Energy’s focus on growth, resilience, and momentum signals a promising trajectory in the renewable energy sector. Investors may view this combination of factors as indicative of a company ready to capitalize on opportunities and navigate challenges, making Siemens Energy AG a compelling prospect for long-term investment consideration.
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.
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