Report
Delphine Brault

Siemens Energy AG : Adjustment to our forecasts: earnings growth and the very low valuation for GP remains attractive

>Slight downward revision for SGRE, GP barely changed - We have adjusted our figures, keeping revenue and underlying revenue more or less unchanged, and have revised down our EBIT by 6-8% factoring in a slightly higher level of depreciation and charges for “special items”. The revision primarily concern SGRE where a gradual recovery is shaping up, whilst GP (gas and power) ended 2021 on a positive trajectory. For 2022, management anticipates comparable growth at grou...
Underlying
Siemens Energy AG

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Delphine Brault

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