Siemens Energy Cuts Outlook After Siemens Gamesa Profit Warning
(PLX AI) – Siemens Energy Q1 orders EUR 8,330 million.Q1 revenue EUR 5,956 million vs. estimate EUR 6,277 millionQ1 adjusted EBITA EUR -57 millionOutlook FY adjusted EBITA margin 2-4%, down from 3-5% previouslyOutlook FY comparable revenue growth …
- (PLX AI) – Siemens Energy Q1 orders EUR 8,330 million.
- Q1 revenue EUR 5,956 million vs. estimate EUR 6,277 million
- Q1 adjusted EBITA EUR -57 million
- Outlook FY adjusted EBITA margin 2-4%, down from 3-5% previously
- Outlook FY comparable revenue growth -2/+3%, down from -1/+3% previously
- Management will reassess its expectations for Siemens Energy group's Adjusted EBITA margin before special items for fiscal year 2023 (previously 6.5-8.5%)
- Says Siemens Energy's Gas and Power segment (GP) had a very solid start to the fiscal year 2022
- Management therefore confirms for the GP segment the guidance for fiscal year 2022 (comparable revenue growth in a range of pos. 1% to pos. 5% and an Adjusted EBITA margin before special items between pos. 4.5% and pos. 6.5%) and the expectations for fiscal year 2023 (Adjusted EBITA margin before special items of pos. 6% to pos. 8%)
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