Siemens Energy ( (DE:ENR) ) has issued an announcement.
Siemens Energy AG has announced a strong start to fiscal year 2025, reporting preliminary results that include a significantly higher than expected Free Cash Flow pre tax. The company plans to revise its Free Cash Flow pre tax guidance, initially set at up to €1 billion, with its half-year results. Despite a 10.2% decrease in order intake, Siemens Energy saw an 18.4% increase in revenue and a notable improvement in profit margins compared to the previous year. This performance indicates a positive trajectory for Siemens Energy, reinforcing its industry position and potentially benefiting stakeholders.
More about Siemens Energy
Siemens Energy AG is a prominent player in the energy sector, focusing on providing efficient and sustainable solutions across various segments. The company specializes in gas services, grid technologies, and the transformation of industry, with a strong market presence across Europe and beyond.
YTD Price Performance: 18.47%
Average Trading Volume: 10,944
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $49.9B
See more data about ENR stock on TipRanks’ Stock Analysis page.