Siemens Energy: back to black in 2024

(CercleFinance.com) - Siemens Energy reports annual net income of E1.
33bn, compared with a loss of E4.59bn the previous year, as well as a profit before exceptional items of E345m on revenues of E34.5bn, up 12.8% on a comparable basis.

Supported by its Grid Technologies and Gas Services activities, orders for the German energy equipment manufacturer reached E50.2bn, up 0.9% on a comparable basis on the high level of 2023.

Having met or exceeded its targets on all key indicators, Siemens Energy is aiming for net income of around break-even in 2025, a profit margin before exceptional items of between 3% and 5%, and LFL revenue growth of between 8% and 10%.


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