EQS-Adhoc: Siemens Energy AG: Siemens Energy comments on media reports
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EQS-Ad-hoc: Siemens Energy AG / Key word(s): Statement In light of recent media reports regarding talks with the German government, Siemens Energy AG states the following: Siemens Energy financial results for fiscal year 2023 are expected to be fully in line with guidance. The former Gas and Power businesses are expected to continue their excellent performance in fiscal year 2024 and are on track to achieve their mid-term targets (fiscal year 2025). The wind business Siemens Gamesa is working through the quality issues and is addressing the offshore ramp up challenges as announced in the third quarter communication for fiscal year 2023. As Siemens Gamesa is for the time being not concluding new contracts for certain onshore platforms and is applying strict selectivity in the offshore business, order intake and revenue are expected to be lower than market expectations for fiscal year 2024, and net losses and cash outflow are expected to be higher than market forecasts.
The strong growth in order intake, particularly in the former Gas and Power business areas, leads to a rising need of guarantees for long-term projects. Considering this requirement, the Executive Board is evaluating various measures to strengthen the balance sheet of Siemens Energy and is in preliminary talks with different stakeholders, including banking partners and the German government, to ensure access to an increasing volume of guarantees necessary to facilitate the anticipated strong growth.
Siemens Energy’s budgeting process is still ongoing and no decisions in respect to the annual budget 2024 and/or any specific financing measures have yet been taken by the Executive Board.
Explanations of financial measures used can be found in the Annual Report 2022 of Siemens Energy AG (available at www.siemens-energy.com/annual-report-2022), in particular in Section 2.2.
Siemens Energy AG is also guarantor for the mandatory convertible bond with ISIN DE000A3K81W7 und the bonds with ISIN XS2601458602 and XS2601459162.
End of Inside Information
26-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Siemens Energy AG |
| Otto-Hahn-Ring 6 | |
| 81739 Munich | |
| Germany | |
| Phone: | +49 89 207084040 |
| Fax: | +49 89 207084040 |
| E-mail: | investorrelations@siemens-energy.com |
| Internet: | www.siemens-energy.com |
| ISIN: | DE000ENER6Y0 |
| WKN: | ENER6Y |
| Indices: | DAX |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1757667 |
| End of Announcement | EQS News Service |
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1757667 26-Oct-2023 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 28.023,00 | 28.797,00 | 27.457,00 | 28.482,00 | 28.997,00 | 31.119,00 | 34.465,00 | |
| EBITDA1,2 | 905,00 | 1.806,00 | 60,00 | 1.106,00 | 1.144,00 | -1.742,00 | 3.636,00 | |
| EBITDA-Margin3 | 3,23 | 6,27 | 0,22 | 3,88 | 3,95 | -5,60 | 10,55 | |
| EBIT1,4 | 360,00 | 597,00 | -1.991,00 | -357,00 | -489,00 | -3.257,00 | 2.125,00 | |
| EBIT-Margin5 | 1,29 | 2,07 | -7,25 | -1,25 | -1,69 | -10,47 | 6,17 | |
| Net Profit (Loss)1 | 645,00 | 282,00 | -1.859,00 | -560,00 | -647,00 | -4.588,00 | 1.335,00 | |
| Net-Margin6 | 2,30 | 0,98 | -6,77 | -1,97 | -2,23 | -14,74 | 3,87 | |
| Cashflow1,7 | 844,00 | 1.694,00 | 1.601,00 | 1.946,00 | 2.218,00 | 1.622,00 | 2.889,00 | |
| Earnings per share8 | 0,89 | 0,22 | -2,21 | -0,63 | -0,56 | -5,47 | 1,35 | |
| Dividend per share8 | 0,00 | 0,00 | 0,00 | 0,10 | 0,00 | 0,00 | 0,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: KPMG
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Siemens Energy | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| ENER6Y | DE000ENER6Y0 | AG | 40.525,00 Mio € | 28.09.2020 | 8FWH3JQX+M8 | |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 845,00 | 37,56 | 22,50 | -90,70 | 4,47 | 14,03 | 1,18 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,00 | 0,00 | 0,00 | 0,00% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 20.02.2025 | 12.02.2025 | 08.05.2025 | 06.08.2025 | 12.12.2024 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +18,96% | +73,33% | +322,50% | +348,67% | +130,35% |
Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.
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