Siemens Energy AG : Welcome clarifications, for both the outlook and balance sheet strengthening
>Q4 2022-23: heavy operating losses but FCF better than expected - Siemens Energy’s Q4 results, reported yesterday morning (see flash for more details), were in the end reassuring, particularly on FCF. At the consolidated level, orders and sales fell by respectively 7.8% and 2.5% in comparable terms. Adjusted EBITA (before SI – special items) came in at -€ 487m, with -€ 664m for Siemens Gamesa. The net loss amounted to € 870m (-€ 4.6bn full year). The nice surprise ...
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