- Siemens Energy has increased its forecast for fiscal year comparable sales growth to 13% to 15%, up from the previous guidance of 8% to 10%, with an estimate at 9.81%.
- The company anticipates a profit margin before special items of 4% to 6%, up from an earlier estimate of 3% to 5%. The current estimate stands at 4.57%.
- Preliminary second quarter results show revenue of €1.41 billion, compared to market estimates of €9.22 billion.
- Preliminary revenue for Gas Services is €3.16 billion, exceeding the estimate of €2.95 billion.
- Preliminary revenue for Grid Technologies is €2.86 billion, surpassing the estimate of €2.71 billion.
- Preliminary revenue for the Transformation of Industry is €1.41 billion.
- Preliminary revenue for Siemens Gamesa Renewable Energy is €2.71 billion, compared to an estimate of €2.31 billion.
- Preliminary profit before special items is €906 million, significantly higher than the estimate of €537.2 million.
- Preliminary profit before special items for Gas Services is €511 million, higher than the estimated €420.5 million.
- Preliminary profit for Grid Technologies is €571 million, compared to an estimate of €365.6 million.
- Preliminary profit for Transformation of Industry is €155 million, exceeding the estimate of €142.8 million.
- Siemens Gamesa Renewable Energy reported a preliminary loss of €249 million before special items.
- Preliminary orders total €14.43 billion, which is significantly higher than the estimated €11.89 billion.
- The company projects fiscal year net income of up to €1 billion, excluding positive special items resulting from the demerger of its energy business from Siemens Ltd, India.
- Siemens Energy anticipates its fiscal year free cash flow pre-tax to be about €4 billion.
- It is noted that the outlook does not account for any charges related to legal and regulatory matters.
- Investment opinions include 17 buys, 5 holds, and 6 sells.
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A look at Siemens Energy AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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 focused on power generation and transmission, is positioned for long-term growth and resilience according to Smartkarma Smart Scores. With a solid score of 5 in Growth and Momentum, the company showcases strong potential for expanding its operations and maintaining positive market momentum. This indicates a positive outlook for Siemens Energy AG‘s future growth prospects and ability to capitalize on market opportunities.
Despite a lower score in Dividend at 1, Siemens Energy AG compensates with higher ratings in other areas such as Resilience at 4. This suggests that while dividend payouts may be lower, the company’s overall ability to withstand economic challenges and adapt to changing market conditions is strong. Combined with its core focus on renewable energy solutions, Siemens Energy AG emerges as a promising player in the industry with a bright long-term outlook.
### Siemens Energy AG operates as a renewable energy company. The Company offers power generation and transmission, technical consultancy, and operation and maintenance services. Siemens Energy serves customers worldwide. ###
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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