Buy Or Sell Opportunity • Jul 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €148. The fair value is estimated to be €188, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €162, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Electrical industry in Italy. Total returns to shareholders of 609% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €163 per share. Reported Earnings • May 13
Second quarter 2026 earnings released: EPS: €0.89 (vs €0.50 in 2Q 2025) Second quarter 2026 results: EPS: €0.89 (up from €0.50 in 2Q 2025). Revenue: €10.3b (up 3.3% from 2Q 2025). Net income: €766.0m (up 77% from 2Q 2025). Profit margin: 7.4% (up from 4.4% in 2Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 95% per year, which means it is significantly lagging earnings growth. New Risk • Apr 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €170, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 10x in the Electrical industry in Italy. Total returns to shareholders of 699% over the past three years. Upcoming Dividend • Feb 20
Upcoming dividend of €0.70 per share Eligible shareholders must have bought the stock before 27 February 2026. Payment date: 03 March 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (0.9%). Reported Earnings • Feb 12
First quarter 2026 earnings released: EPS: €0.79 (vs €0.23 in 1Q 2025) First quarter 2026 results: EPS: €0.79 (up from €0.23 in 1Q 2025). Revenue: €9.68b (up 8.2% from 1Q 2025). Net income: €677.0m (up 242% from 1Q 2025). Profit margin: 7.0% (up from 2.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Dec 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Dec 14
Full year 2025 earnings released: EPS: €1.63 (vs €1.37 in FY 2024) Full year 2025 results: EPS: €1.63 (up from €1.37 in FY 2024). Revenue: €39.1b (up 13% from FY 2024). Net income: €1.41b (up 19% from FY 2024). Profit margin: 3.6% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 20
Siemens Energy AG (XTRA:ENR) announces an Equity Buyback for 70,000,000 shares, for €2,000 million. Siemens Energy AG (XTRA:ENR) announces a share repurchase program. Under the program, the company will repurchase up to 70,000,000 shares for €2,000 million. The program will valid till the end of September. Announcement • Aug 21
Siemens Energy to Relocate Its Orlando Offices to Lake Nona Town Center Lake Nona announced that Siemens Energy will relocate its Orlando offices to Lake Nona Town Center. The global energy technology leader will occupy more than 242,000 square feet at 6876 Marwick Lane, Lake Nona's newest Class A office building featuring high-performance design built for energy efficiency and a modern workplace experience. Situated in the heart of Lake Nona, the new campus will be surrounded by restaurants, hotels, apartments, fitness and wellness amenities, including miles of trails and inspiring public art — all within a connected, walkable district. Orlando continues to emerge as a national beacon for forward-thinking companies seeking dynamic environments for growth and innovation. Lake Nona, in particular, has become a magnet for industry leaders, a testament to its smart infrastructure, vibrant ecosystem and strategic vision for the future. Created by Tavistock, Lake Nona is a 17-square-mile community in the City of Orlando built and anchored by clusters of excellence in health and wellbeing, sports and performance, and education and technology. Thoughtfully designed with a long-term vision, the fast-growing, neo-urban environment provides a unique commercial climate where companies can easily recruit talent. For employers, Lake Nona's ecosystem combines a best-in-class workplace setting with the lifestyle amenities today's workforce values most – from wellness and mobility to culture and connectivity – creating a distinct advantage in employee attraction and retention. Siemens Energy has been at its Alafaya Trail location for more than 40 years, where just under 3,000 people currently work. The planned 2027 relocation to Lake Nona will allow the company to maintain that scale through a hybrid work model. Siemens Energy employs more than 13,000 people throughout North America and plans to add hundreds of jobs on the continent in the coming years. Reported Earnings • Aug 08
Third quarter 2025 earnings released: EPS: €0.71 (vs €0.17 loss in 3Q 2024) Third quarter 2025 results: EPS: €0.71 (up from €0.17 loss in 3Q 2024). Revenue: €9.75b (up 11% from 3Q 2024). Net income: €615.0m (up €757.0m from 3Q 2024). Profit margin: 6.3% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 12
Second quarter 2025 earnings released: EPS: €0.50 (vs €0.079 in 2Q 2024) Second quarter 2025 results: EPS: €0.50 (up from €0.079 in 2Q 2024). Revenue: €9.96b (up 20% from 2Q 2024). Net income: €434.0m (up €366.0m from 2Q 2024). Profit margin: 4.4% (up from 0.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 25
Now 22% undervalued Over the last 90 days, the stock has risen 13% to €67.94. The fair value is estimated to be €87.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 14%. Announcement • Mar 26
TPG-Led Consortium Reportedly Set to Acquire Siemens Gamesa Renewable Power for $500-550 Million A consortium led by TPG Inc. (NasdaqGS:TPG), along with industrialist Vellayan Subbiah of the Murugappa Group Ltd. and former JSW Group senior executive Prashant Jain, is poised to acquire Siemens Gamesa Renewable Power Private Limited for an enterprise valuation of $500 million - $550 million, said people in the know. Siemens Energy AG (XTRA:ENR) will retain a small stake in the company that holds the Indian wind energy assets of its Gamesa unit after the transaction is completed, they said. The acquisition will be made through the buyout group's Rise global impact investing platform. Subbiah, the Executive Chairman of Tube Investments of India and Chairman of Cholamandalam Investment & Finance Co, is understood to be Co-Investing with TPG in his personal capacity, as is Jain, former JSW Energy joint managing director and chief executive, who left the steel-to-ports group last year. Though both Subbiah and Jain have hands-on experience in energy transition and manufacturing, the latter is likely to steer operations after the transaction is completed, said company executives. The divestment will help further streamline the Hamburg-headquartered conglomerate that's been grappling with mounting costs and had to resort to a German government bailout. TPG plans to scale up This was after it acquired the minority shareholders of Gamesa for $4.2 billion in 2022. Siemens Energy AG, the energy arm of Siemens AG, is the parent of Siemens Gamesa. Siemens Energy's wind power unit and Spain's Gamesa had merged to form Siemens Gamesa in 2017. A formal announcement is due in the coming days. TPG declined to comment. Jain and Vellayan couldn't be reached for comment."The Indian market is very relevant for us; it offers great opportunities for the energy business. For our wind business, we are currently considering all options there, including potential partnerships, but no further decisions have been taken yet," said a Siemens Gamesa spokesperson. TPG plans to scale up the business as it sees opportunities in energy transition and aims to streamline cost structures and boost productivity before taking it public, said people familiar with the plans. Last summer, Siemens mandated investment bank Barclays to find buyers, following a decision to explore part or full exit of the wind turbine unit from the Indian market. Chief executive Christian Bruch had then said he was keeping all options open for its wind business in India, including "forging partnerships," or "maybe even exit." Several companies, including Inox Wind, JSW Group, Actis, Adani, PE groups Brookfield and entities from the Middle East, were reportedly approached to evaluate the India business. Announcement • Feb 27
Siemens Energy AG to Report Q4, 2025 Results on Nov 14, 2025 Siemens Energy AG announced that they will report Q4, 2025 results on Nov 14, 2025 Reported Earnings • Feb 14
First quarter 2025 earnings released: EPS: €0.23 (vs €1.79 in 1Q 2024) First quarter 2025 results: EPS: €0.23 (down from €1.79 in 1Q 2024). Revenue: €8.94b (up 17% from 1Q 2024). Net income: €198.0m (down 87% from 1Q 2024). Profit margin: 2.2% (down from 20% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €58.82, the stock trades at a forward P/E ratio of 77x. Average forward P/E is 7x in the Electrical industry in Italy. Total returns to shareholders of 200% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €58.87 per share. New Risk • Dec 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • Dec 20
Siemens Energy AG, Annual General Meeting, Feb 20, 2025 Siemens Energy AG, Annual General Meeting, Feb 20, 2025, at 10:00 W. Europe Standard Time. Reported Earnings • Dec 15
Full year 2024 earnings released: EPS: €1.37 (vs €5.47 loss in FY 2023) Full year 2024 results: EPS: €1.37 (up from €5.47 loss in FY 2023). Revenue: €34.5b (up 11% from FY 2023). Net income: €1.18b (up €5.72b from FY 2023). Profit margin: 3.4% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Dec 05
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 127% to €54.50. The fair value is estimated to be €44.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Announcement • Nov 26
TPG Reportedly in Advanced Talks to Buy Siemens Gamesa India Assets TPG Inc. (NasdaqGS:TPG) is in advanced talks to buy the Indian wind energy assets of Siemens Energy AG (XTRA:ENR)’s Gamesa unit (Siemens Gamesa Renewable Power Private Limited), people familiar with the matter said. TPG has emerged as the likeliest buyer after outbidding rivals including industry players and private equity firms, the people said, asking not to be identified because the matter is private. A transaction could value the Siemens Gamesa India assets at more than $300 million, the people said. Talks are ongoing and no final decisions have been made, the people said. Other bidders remain interested in the assets, which include operation, maintenance and manufacturing of wind turbines, they added. Siemens Gamesa has been exploring a sale of its Indian assets, which had attracted interest from TPG, JSW Energy Ltd. and Inox Wind Ltd., The Economic Times reported last month. “The Indian market is very relevant for us, it offers great opportunities for the energy business,” a spokesman for Siemens Energy said. “We are currently considering all options there, including potential partnerships, but no further decisions have been taken yet.” A representative for TPG declined to comment. Reported Earnings • Nov 14
Full year 2024 earnings released: EPS: €1.37 (vs €5.47 loss in FY 2023) Full year 2024 results: EPS: €1.37 (up from €5.47 loss in FY 2023). Revenue: €34.5b (up 11% from FY 2023). Net income: €1.18b (up €5.72b from FY 2023). Profit margin: 3.4% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €46.01, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 6x in the Electrical industry in Italy. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €78.49 per share. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €29.10, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 11x in the Electrical industry in Italy. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.80 per share. Announcement • Aug 12
Siemens Energy AG to Report Fiscal Year 2024 Final Results on Dec 12, 2024 Siemens Energy AG announced that they will report fiscal year 2024 final results on Dec 12, 2024 Reported Earnings • Aug 08
Third quarter 2024 earnings released: €0.16 loss per share (vs €3.42 loss in 3Q 2023) Third quarter 2024 results: €0.16 loss per share (improved from €3.42 loss in 3Q 2023). Revenue: €8.80b (up 17% from 3Q 2023). Net loss: €142.0m (loss narrowed 95% from 3Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • Jun 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • May 09
Second quarter 2024 earnings released: EPS: €0.079 (vs €0.26 loss in 2Q 2023) Second quarter 2024 results: EPS: €0.079 (up from €0.26 loss in 2Q 2023). Revenue: €8.28b (up 3.1% from 2Q 2023). Net income: €68.0m (up €272.0m from 2Q 2023). Profit margin: 0.8% (up from net loss in 2Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 44% to €16.84. The fair value is estimated to be €13.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has declined by 47%. Reported Earnings • Feb 11
First quarter 2024 earnings released: EPS: €1.79 (vs €0.60 loss in 1Q 2023) First quarter 2024 results: EPS: €1.79 (up from €0.60 loss in 1Q 2023). Revenue: €7.65b (up 8.3% from 1Q 2023). Net income: €1.55b (up €2.02b from 1Q 2023). Profit margin: 20% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 19
Full year 2023 earnings released: €5.47 loss per share (vs €0.56 loss in FY 2022) Full year 2023 results: €5.47 loss per share (further deteriorated from €0.56 loss in FY 2022). Revenue: €31.1b (up 7.3% from FY 2022). Net loss: €4.53b (loss widened €4.13b from FY 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Electrical industry in Italy. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Nov 07
Siemens AG Seeks Discount for Siemens Energy's Stake in Indian JV Siemens AG (Siemens Aktiengesellschaft) (XTRA:SIE) is seeking a discount from Siemens Energy AG (XTRA:ENR) for any possible purchases of shares in their Indian joint venture Siemens Limited (NSEI:SIEMENS), three people familiar with the matter said. Siemens AG hopes for a discount of around 15%, two of the people said, with one of them saying the discount would be from where shares in Siemens Ltd. have been trading in recent months. The source pointed to the asset's high valuation, which has more than doubled since 2020. Siemens Energy is weighing the sale of a substantial part of its 24% stake in Siemens Ltd, in which Siemens AG already owns 51%, as one way to boost liquidity, sources said last week. While both companies in principle agree that a deal makes sense, talks are ongoing and no terms have yet been agreed, the people said. Siemens and Siemens Energy both declined to comment. Announcement • Nov 01
Siemens Energy Reportedly Weighs Sale of Stake in Indian Firm to Siemens Siemens Energy AG (XTRA:ENR) is considering selling a substantial part of its 24% stake in a listed Indian affiliate to former parent Siemens AG (Siemens Aktiengesellschaft) (XTRA:SIE) as part of efforts to shore up its balance sheet, according to people familiar with the matter. The German turbine maker may announce the divestment of shares in Mumbai-listed Siemens Limited (NSEI:SIEMENS) as early as this week, some of the people said, asking not to be identified because the information is private. The shares are currently worth about €3.3 billion ($3.5 billion). Siemens already owns 51% of the Indian business. At the same time, Siemens is facing pressure from the government to provide loan guarantees that are critical for Siemens Energy to take on future large projects. The government is now discussing a combination of state-backed guarantees for Siemens Energy flanked by guarantees from Siemens, its largest shareholder, according to people familiar with the matter. Buying Opportunity • Oct 26
Now 33% undervalued after recent price drop Over the last 90 days, the stock is down 56%. The fair value is estimated to be €10.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 6.0%. Revenue is forecast to grow by 2.7% in a year. Earnings is forecast to grow by 80% in the next year. Announcement • Oct 25
Siemens Energy AG to Report Q4, 2023 Results on Nov 15, 2023 Siemens Energy AG announced that they will report Q4, 2023 results at 7:00 AM, Central European Standard Time on Nov 15, 2023 Announcement • Oct 13
Triton Fund V Gp S.à R.L. a fund managed by Triton agreed to acquire Trench Business from Siemens Energy AG (XTRA:ENR). Triton Fund V Gp S.à R.L. a fund managed by Triton agreed to acquire Trench Business from Siemens Energy AG (XTRA:ENR) on October 12, 2023. The transaction is subject to regulatory approvals, necessary consultations, other customary closing conditions and sale is also still subject to the approval of the employee representatives of Siemens Energy. The transaction is expected to close in first half of 2024. Announcement • Aug 09
Siemens Energy AG, Annual General Meeting, Feb 22, 2024 Siemens Energy AG, Annual General Meeting, Feb 22, 2024. Reported Earnings • Aug 09
Third quarter 2023 earnings released: €3.42 loss per share (vs €0.58 loss in 3Q 2022) Third quarter 2023 results: €3.42 loss per share (further deteriorated from €0.58 loss in 3Q 2022). Revenue: €7.51b (up 3.1% from 3Q 2022). Net loss: €2.96b (loss widened €2.54b from 3Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Electrical industry in Italy. New Risk • Jun 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Jun 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Announcement • May 24
Lummus Technology LLC entered into an agreement to acquire Assets of water solutions portfolio of Siemens Energy AG. Lummus Technology LLC entered into an agreement to acquire Assets of water solutions portfolio of Siemens Energy AG on May 23, 2023. Lummus will acquire Siemens Energy's Zimpro® wet air oxidation technology and PACT® system, plus the associated intellectual property, lab equipment and associated assets. Announcement • May 20
Siemens Energy Reportedly Close to Selling Stake in Windar Renovables Siemens Energy AG (XTRA:ENR) is close to selling its minority stake in a Spanish wind turbine towers joint venture to Bridgepoint Group plc (LSE:BPT), two people familiar with the matter said. Siemens Energy Chief Executive Christian Bruch said this week that the company was looking to exit "peripheral" activities in the supply chain, most notably where it is only a partial owner. Siemens Energy's 32% stake in Windar Renovables, S.A., a joint venture with Spain's Daniel Alonso Group, is held via its wind turbine division Siemens Gamesa (SGREN.MX). Siemens Energy and Windar Renovables declined to comment on the matter, which was first reported by Spain's Expansion newspaper. The report said that Bridgepoint was close to buying a majority in Windar Renovables for $700 million, taking over Siemens Energy's 32% stake and part of the remaining 68% held by Daniel Alonso Group. Bridgepoint was not immediately available for comment. People familiar with the matter told Reuters in March that Windar Renovables was exploring selling a 51% stake in its Russian joint venture to partner and steelmaker Severstal. Reported Earnings • May 16
Second quarter 2023 earnings released: €0.26 loss per share (vs €0.21 loss in 2Q 2022) Second quarter 2023 results: €0.26 loss per share (further deteriorated from €0.21 loss in 2Q 2022). Revenue: €8.03b (up 22% from 2Q 2022). Net loss: €204.0m (loss widened 31% from 2Q 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electrical industry in Italy. Announcement • May 16
Siemens Energy AG to Report Q2, 2023 Results on May 15, 2023 Siemens Energy AG announced that they will report Q2, 2023 results on May 15, 2023 Reported Earnings • Feb 10
First quarter 2023 earnings released: €0.60 loss per share (vs €0.17 loss in 1Q 2022) First quarter 2023 results: €0.60 loss per share (further deteriorated from €0.17 loss in 1Q 2022). Revenue: €7.06b (up 19% from 1Q 2022). Net loss: €473.0m (loss widened 278% from 1Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Electrical industry in Italy. Buying Opportunity • Feb 08
Now 21% undervalued Over the last 90 days, the stock is up 30%. The fair value is estimated to be €23.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 6.1% in a year. Earnings is forecast to decline by 21% in the next year. Announcement • Jan 21
Siemens Energy AG, Annual General Meeting, Feb 07, 2023 Siemens Energy AG, Annual General Meeting, Feb 07, 2023. Announcement • Jan 13
Siemens Energy AG to Report Q1, 2023 Results on Feb 07, 2023 Siemens Energy AG announced that they will report Q1, 2023 results on Feb 07, 2023 Reported Earnings • Dec 15
Full year 2022 earnings released: €0.56 loss per share (vs €0.63 loss in FY 2021) Full year 2022 results: €0.56 loss per share (improved from €0.63 loss in FY 2021). Revenue: €29.0b (up 1.8% from FY 2021). Net loss: €404.0m (loss narrowed 11% from FY 2021). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Electrical industry in Italy. Reported Earnings • Feb 12
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: €0.17 loss per share (down from €0.09 profit in 1Q 2021). Revenue: €5.96b (down 8.9% from 1Q 2021). Net loss: €125.0m (down 295% from profit in 1Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.3%, compared to a 9.7% growth forecast for the industry in Italy. Reported Earnings • Nov 12
Full year 2021 earnings released: €0.63 loss per share (vs €2.21 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: €28.5b (up 3.7% from FY 2020). Net loss: €453.0m (loss narrowed 72% from FY 2020). Reported Earnings • Aug 05
Third quarter 2021 earnings released: €0.32 loss per share (vs €1.36 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €7.26b (up 8.8% from 3Q 2020). Net loss: €230.0m (loss narrowed 77% from 3Q 2020). Analyst Estimate Surprise Post Earnings • Feb 03
Revenue misses expectations Revenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 6.4%, compared to a 17% growth forecast for the Electrical industry in Italy. Is New 90 Day High Low • Jan 14
New 90-day high: €34.00 The company is up 59% from its price of €21.45 on 15 October 2020. The Italian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.13 per share. Reported Earnings • Dec 10
Full year 2020 earnings released: €2.21 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: €27.5b (down 4.7% from FY 2019). Net loss: €1.61b (down €1.76b from profit in FY 2019). Reported Earnings • Nov 13
Full year 2020 earnings released: €2.21 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: €27.5b (down 4.7% from FY 2019). Net loss: €1.61b (down €1.76b from profit in FY 2019). 
