- Siemens Energy AG press release (OTCPK:SMEGF): Q3 GAAP EPS of -€3.42.
- Revenue of €7.51B (+8.0% Y/Y).
- Orders of €14.9bn reflect 54.2% growth on a comparable basis (excluding currency translation and portfolio effects).
- The Bookto-bill ratio (ratio of orders to revenue) came in at 1.98 and led the order backlog to a new record of €109.0B.
- Free cash flow pre tax improved to positive €27M from negative €25M in the prior-year quarter.
- In light of the developments at Siemens Gamesa, management adjusts the outlook for Siemens Energy. Due to the aforementioned challenges at Siemens Gamesa, management now expects for Siemens Energy Group comparable revenue growth to be in a range of 9% to 11%, a Profit margin before Special items between negative 10% and negative 8% and a Net loss of around €4.5B. Free cash flow pre tax now is expected up to a negative low triple-digit million € amount. Management maintains its revenue and Profit margin assumptions for the segments GS, GT, and TI.