Report
Delphine Brault

Siemens Energy AG : After Q2, we moderately trim our figures but remain positive

>Moderate downward adjustment to our estimates. - Following the revision to the guidance, we trimmed our revenue estimates and left our margin estimates virtually unchanged. The new guidance for 2021 points to growth of 3-8% for ENR (2-12% previously) and 2-6% for the gas and power (GP) activities. The margin in 2021 should still be between 3% and 5% and we expect 4.0% (then 5.4% in 2022e and 6.9% in 2023e). The average revisions to our adjusted EBITDA before special ...
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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