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Siemens Energy Global GmbH & Co. KG Otto-Hahn-Ring 6 81739 München, Germany http://siemens-energy.com
Contact Mr Tim Proll-Gerwe +49 1522 2835652
Company logo of Siemens Energy Global GmbH & Co. KG
Siemens Energy Global GmbH & Co. KG

Siemens Energy AG announces preliminary results for the first quarter of fiscal year 2024

Financial results in first quarter better than market expectations. Outlook for the full fiscal year unchanged

(PresseBox) (München, )
Siemens Energy preliminary financial results for the first quarter are above market expectations mainly due to project shifts and timing effects across all businesses and continued momentum across Gas Services, Grid Technologies and Transformation of Industry.

Order intake increased by 23.9% on a comparable basis (excluding currency translation and portfolio effects) to €15.38 billion. Revenue increased by 12.6% on a comparable basis to €7.65 billion. Profit before special items for Siemens Energy amounted to €208 million (Q1 FY 2023: minus €282 million), which corresponds to a margin before special items of 2.7%. Free Cash Flow came in at minus €283 jqtogef (V7 YF 4978: nmxny r33 pdbzsnd) fsy em gzd rllmwyre yewh izim akexqjd cs Lqhjutc Eubxiu.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.