Siemens Energy AG GAAP EPS of €0.08, revenue of €8.3B; raises outlook for FY 2024 [Seeking Alpha]
SIEMENS AG SPONS ADR (SIEGY)
NASDAQ:AMEX Investor Relations:
siemens.com/investor
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Source: Seeking Alpha
Free cash flow pre-tax was positive with €483M (Q2 FY 2023: negative €294M). Outlook: Due to the strong business performance in the first half-year, Siemens Energy raised its outlook for fiscal year 2024. Management now expects for the Siemens Energy Group a comparable revenue growth between 10% and 12% (previously between 3% and 7%) and a Profit margin before special items between negative 1% and positive 1% (previously between negative 2% and positive 1%). Free cash flow pre tax is now expected to be up to positive €1.0bn (previously around negative €1.0bn). The outlook for Siemens Energy's Net income remains unchanged at up to €1bn. Recommended For You More Trending News Recommended For You More Trending News Related Stocks Trending Analysis Trending News
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