Siemens Energy AG : 2023 set to be a transition year, still heavily dependent on scale of SGRE loss
>Solid Q4 for orders and FCF - Siemens Energy yesterday reported its Q4 results, with impressive orders and FCF. Orders came in at € 12.2bn, +27.4% l-f-l (with 20.6% for GP, underpinned by the transmission business). Sales amounted to € 9.2bn, up 5.9% l-f-l (2.2% for GP). Adjusted EBITA (before SI – special items) came to € 594m, in line with expectations, with a GP margin slightly below expectations at 3.8% (vs consensus at 4%). Consolidated adjusted EBITA ...
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