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Siemens Energy AG : We remain positive but with a downward revision due to SGRE
>Downgrade for SGRE, GP barely changed - We are adjusting our figures to factor in the July profit warning for SGRE and the Q3 results publication. GP confirmed its outlook this morning and the 2023 guidance remains valid at this stage. For 2021, management forecasts growth of 3-8% for ENR and 2-6% for the gas & power (GP) businesses; SGRE targets sales of around € 10.2bn, up by close to 8%. The consolidated margin for 2021 should stand at 2-<3% and we now expect 2.5%...
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Siemens Energy AG
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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.
Delphine Brault
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