Siemens Energy (ETR:ENR) Third Quarter 2024 Results

Key Financial Results

• Revenue: €8.80b (up 17% from 3Q 2023).

• Net loss: €142.0m (loss narrowed by 95% from 3Q 2023).

• €0.17 loss per share (improved from €3.42 loss in 3Q 2023).

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

Siemens Energy Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electrical industry in Germany.

Performance of the German Electrical industry.

The company's shares are up 2.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Siemens Energy's balance sheet.

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