Siemens Energy books Q2 operating deficit worse than forecast

Monday, the German energy group presents a deficit markedly bigger than what analysts had predicted.

by marketwire, translated by kristoffer grønbæk

In company's fiscal third quarter, German Siemens Energy made earnings before interest, taxes and amortizations of EUR -429m against an expected deficit of EUR 124m, according to estimates by Bloomberg News.

Revenue came to EUR 7.28bn against a forecast of EUR 7.4bn.

The order book increased by 65% to EUR 9.84bn against guidance of EUR 8.2bn.

Siemens Energy guides for a full-year EBITA margin in the lower end of the interval 2-4%. The ordinary EBITA margin in Q3 was negative 5.9%.

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