The operating result (adjusted Ebita) was plus 243 million euros, after a minus of 117 million euros in the same period of the previous year, announced the newly minted Siemens offshoot based on preliminary calculations on Sunday evening in Munich.According to the information, sales rose by 2.6 percent to 6.5 billion euros. In contrast, incoming orders fell significantly at 7.4 billion euros. Siemens Energy confirmed the outlook for the 2020/21 financial year. The complete quarterly figures are to be published on February 2, 2021.
Siemens Energy shares rise towards a record high according to key data
The reaction of investors to the preliminary figures was positive on Monday morning. The papers of the Siemens spin-off primarily gained up to 5 percent to 33.50 euros with the broker Lang & Schwarz. Its highest level so far was just under one euro higher in the middle of the month.
JPMorgan expert Andreas Willi spoke of a strong start to the 2021 financial year. The profitability in the gas turbine business in particular was a positive surprise.
MNCHEN / FRANKFURT (dpa-AFX)
Image sources: Siemens Energy AG
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Operational improvements Siemens Energy confirms annual outlook based quarterly figures shares demand message
