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    ENR   DE000ENER6Y0

SIEMENS ENERGY AG

(ENR)
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Delayed Quote. Delayed Deutsche Boerse AG - 05/07 01:46:59 pm
26.28 EUR   --.--%
05/07SIEMENS ENERGY  : Kepler Cheuvreux reaffirms its Buy rating
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05/06SIEMENS ENERGY  : Gets a Neutral rating from NorldLB
MD
05/06SIEMENS ENERGY  : Buy rating from Bank of America
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Siemens Gamesa lowers earnings outlook but orders soar

04/30/2021 | 12:35pm EDT
FILE PHOTO: A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio

MADRID (Reuters) - Wind turbine maker Siemens Gamesa warned on Friday it could earn less this year than previously expected, cutting 700 million euros ($842 million) off the top end of its previous revenue guidance even as orders hit a record high.

Strong competition, high raw materials prices, disruptions linked to COVID-19 and a slowdown in India have been squeezing Siemens Gamesa's earnings, but market enthusiasm for companies driving the transition to a low-carbon economy has supported its market value.

The leading producer of offshore generators now expects full-year revenue of 10.2-10.5 billion euros, from a previous target of 10.2-11.2 billion euros, hit by customers deferring projects and the ongoing impact of COVID-19 in India and Brazil.

Execution delays, higher costs for raw materials and a lower contribution from the higher-margin offshore division also contributed to the cut, the company said.

It nevertheless maintained guidance for an operating margin over sales before interest, tax, and some other costs, of 3%-5%.

With global demand for renewably-produced energy on the rise, Siemens Gamesa logged new orders worth 5.5 billion euros between January and March, its largest-ever intake for a single quarter.

Shares in the company, whose main shareholder is Siemens AG unit Siemens Energy, now trade at almost double their pre-pandemic levels.

($1 = 0.8311 euros)

(Reporting by Isla Binnie, editing by Louise Heavens)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG 2.95% 144.28 Delayed Quote.22.77%
SIEMENS ENERGY AG 0.00% 26.28 Delayed Quote.-13.21%
SIEMENS GAMESA RENEWABLE ENERGY, S.A. 2.63% 27.7 Delayed Quote.-16.29%
All news about SIEMENS ENERGY AG
05/07SIEMENS ENERGY  : Kepler Cheuvreux reaffirms its Buy rating
MD
05/06SIEMENS ENERGY  : Gets a Neutral rating from NorldLB
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05/06SIEMENS ENERGY  : Buy rating from Bank of America
MD
05/06SIEMENS ENERGY  : Credit Suisse reiterates its Buy rating
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05/06SIEMENS ENERGY  : Deutsche Bank gives a Buy rating
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05/06SIEMENS ENERGY  : Buy rating from JP Morgan
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05/06SIEMENS ENERGY  : Goldman Sachs remains its Buy rating
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Financials
Sales 2021 28 955 M 35 205 M 35 205 M
Net income 2021 -54,6 M -66,4 M -66,4 M
Net cash 2021 2 194 M 2 668 M 2 668 M
P/E ratio 2021 -343x
Yield 2021 0,71%
Capitalization 18 651 M 22 668 M 22 677 M
EV / Sales 2021 0,57x
EV / Sales 2022 0,52x
Nbr of Employees 93 000
Free-Float 53,7%
Chart SIEMENS ENERGY AG
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Siemens Energy AG Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Average target price 36,60 €
Last Close Price 26,28 €
Spread / Highest target 63,6%
Spread / Average Target 39,3%
Spread / Lowest Target 10,4%
EPS Revisions
Managers and Directors
NameTitle
Christian Bruch President & Chief Executive Officer
Maria Ferraro Chief Financial & Diversity Officer
Josef Kaeser Chairman-Supervisory Board
Günter Augustat Member-Supervisory Board
Manfred Bäreis Member-Supervisory Board
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