Siemens Energy books Q2 operating deficit worse than forecast

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

Photo: Wolfgang Rattay/REUTERS / X00227

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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