Siemens Energy AG : A fairly reassuring Q3 despite new provisions in offshore, targets are confirmed
>Q3 2023-24: a quarter close to expectations, a pleasant surprise on FCF - Siemens Energy yesterday morning reported its Q3 results, with FCF better than expected. At the consolidated level, orders came in at € 10.4bn, down 30% in comparable terms (with -91% for Siemens Gamesa, +142% for Gas Services, -15% for Grid Technologies and -13% for Transformation of Industry). Revenues came to € 8.8bn, +18.5% on a comparable basis (1.2% for GS, +30.5% for GT, +25% for Gamesa)...
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