Siemens Energy (ETR:ENR) Full Year 2024 Results

Key Financial Results

• Revenue: €34.5b (up 11% from FY 2023).

• Net income: €1.18b (up from €4.53b loss in FY 2023).

• Profit margin: 3.4% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.

• EPS: €1.37 (up from €5.47 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Siemens Energy EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.6%.

The primary driver behind last 12 months revenue was the Gas Services segment contributing a total revenue of €10.8b (31% of total revenue). Notably, cost of sales worth €30.0b amounted to 87% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €3.39b (74% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of €1.27b. Explore how ENR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electrical industry in Germany.

Performance of the German Electrical industry.

The company's shares are down 5.7% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Siemens Energy that you should be aware of before investing here.

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