Stock Analysis
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 6.3% 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 20% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Siemens Energy that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About XTRA:ENR
Siemens Energy
Operates as an energy technology company worldwide.
