DGAP-Adhoc
Siemens Energy AG: Siemens Energy AG announces preliminary results for first quarter of fiscal year 2021 and confirms its outlook for fiscal year 2021
DGAP-Ad-hoc: Siemens Energy AG / Key word(s): Quarter Results/Preliminary Results Siemens Energy AG announces preliminary results for first quarter of fiscal year 2021 and confirms its outlook for fiscal year 2021 |
Siemens Energy AG announces preliminary results for the first quarter of fiscal year 2021:
- Adjusted EBITA at Siemens Energy was with €243m back in a positive range (Q1 FY 2020: negative €117m) and therefore higher than expected. The recent quarter benefited from operational improvements driving lower costs, however, including positive temporary effects. Adjusted EBITA before Special Items increased to €366m, reflecting a margin of 5.6%.
- Siemens Energy orders reached €7.4bn, substantially below the high basis of comparison in the first quarter of the prior year.
- Revenue increased by 2.6% to €6.5bn.
- We confirm our outlook for fiscal year 2021.
Siemens Energy
Order intake: €7,432m (Q1 FY 2020: €10,029m; consensus €7,237m), down 26% nominal
Revenue: €6,541m (Q1 FY 2020: €6,373m; consensus: €6,710m), up 3% nominal
Adjusted EBITA: €243m (Q1 FY 2020: neg. €117m; consensus: neg. €26m), reflecting a margin of 3.7% (Q1 FY 2020: neg. 1.8%; consensus: neg. 0.4%)
Adjusted EBITA before Special Items: €366m (Q1 FY 2020: neg. €74m; consensus: €119m), reflecting a margin of 5.6% (Q1 FY 2020: neg. 1.2%; consensus: 1.8%)
Gas and Power
Order intake: €5,166m (Q1 FY 2020: €5,434m; consensus €4,616m), down 5% nominal
Revenue: €4,292m (Q1 FY 2020: €4,420m; consensus: €4,331m), down 3% nominal
Adjusted EBITA: €191m (Q1 FY 2020: €51m; consensus: €14m), reflecting a margin of 4.5% (Q1 FY 2020: 1.2%; consensus: 0.3%)
Adjusted EBITA before Special Items: €267m (Q1 FY 2020: €68m; consensus: €89m), reflecting a margin of 6.2% (Q1 FY 2020: 1.5%; consensus: 2.1%)