Siemens Energy AG : Persistent uncertainty despite the good performance from Gas & Power
>Q3 topped expectations for GP, guidance confirmed excl. Russia - Siemens Energy published its Q3 2021-22 results last week (see our Equity Flash), which were above expectations for the Gas & Power (GP) business. Siemens Gamesa had reported its results the previous week. Q3 sales for Siemens Energy totalled € 7.3bn (-4.7% l-f-l, of which +0.7% for GP). GP’s adjusted EBITA margin before SI (special items) was 4.4% (-50bp) vs 3.8% forecast by the consensus. GP's ad...
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