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    ENR   DE000ENER6Y0

SIEMENS ENERGY AG

(ENR)
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Real-time Estimate Tradegate  -  03:59:59 2023-03-28 pm EDT
19.28 EUR   +1.45%
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Siemens Energy Q1 net loss more than doubles on wind unit woes

02/07/2023 | 12:33am EDT
FILE PHOTO: German Chancellor Scholz visits Siemens Energy site in Muelheim an der Ruhr

FRANKFURT (Reuters) - Siemens Energy said on Tuesday its net loss more than doubled in the first quarter, blaming charges related to quality issues at Siemens Gamesa which the German firm is trying to fix via a full takeover of the wind division.

Siemens Energy, which pre-released first-quarter results last month, said its net loss widened to 598 million euros ($641 million) in the October-December period, compared with a loss of 246 million euros in the same period a year earlier.

($1 = 0.9330 euro)

(Reporting by Christoph Steitz in Frankfurt; Editing by Matthew Lewis)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG 1.31% 143.52 Delayed Quote.9.27%
SIEMENS ENERGY AG 1.89% 19.365 Delayed Quote.8.14%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. 0.00% 18.05 End-of-day quote.0.00%
All news about SIEMENS ENERGY AG
12:22pGerman Shares Edge Up as Export Expectations Brighten
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06:32aGerman Stocks Edge Higher as Market Calm Returns
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03/27Fewer patent applications from Germany
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Analyst Recommendations on SIEMENS ENERGY AG
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Financials
Sales 2023 30 599 M 33 177 M 33 177 M
Net income 2023 -303 M -329 M -329 M
Net cash 2023 1 896 M 2 056 M 2 056 M
P/E ratio 2023 -44,4x
Yield 2023 0,41%
Capitalization 13 934 M 15 107 M 15 107 M
EV / Sales 2023 0,39x
EV / Sales 2024 0,36x
Nbr of Employees 92 000
Free-Float 53,0%
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Mean consensus BUY
Number of Analysts 16
Last Close Price 19,37 €
Average target price 23,46 €
Spread / Average Target 21,2%
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Managers and Directors
Christian Bruch President & Chief Executive Officer
Maria Ferraro Chief Financial, Inclusion & Diversity Officer
Josef Kaeser Chairman-Supervisory Board
Laurence B. L. Mulliez Independent Non-Executive Member-Supervisory Board
GŘnter Augustat Member-Supervisory Board
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