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Oddo BHF maintains its 'neutral' rating on Siemens Energy shares, with its target price raised from 11.5 to 14.5 euros. The analyst reports that results for Q1 23/24 came as no surprise, in line with...
Germany's energy technology company Siemens Energy reported a profit in its first quarter. The company's first quarter net income attributable to shareholders was €1.6 billion ($1.7 billion) or €1.78 per share compared to a loss of €473 million or €0.60 per share in the prior year. Prior year results hurt by quality related charges at Siemens Gamesa. Quarterly revenue grew to €7.7 billion from €7.06 billion in the prior year. Revenue was up 12.6% on a comparable basis. While all segments contrib
Siemens Energy gained just under 2% in Frankfurt asOddo BHF confirmed its 'neutral' rating on the stock, with a price target raised from 11.5 to 14.5 euros.The analyst reports that results for Q1...
By Pierre Bertrand Siemens Energy reported an increase in orders and swung to a profit for the first quarter of fiscal 2024, which it said exceeded market...
The German energy technology group Siemens Energy performed better than expected in the first quarter of the fiscal year. The main reasons were project postponements during the year and continued positive market momentum in the Gas Services, Grid Technologies and Transformation of Industry divisions. Overall, the market environment remains positive, according to a press release published on Tuesday. However, project delays between quarters are not unusual in plant engineering, which is why the c