Siemens Energy has raised its forecast for the current fiscal year 2024/25 following a surprisingly strong second quarter. This development is particularly of interest to investors as it indicates a positive business trend for the company.
Important Company News
Forecast Increase
Siemens Energy has raised its revenue forecast for the current fiscal year to growth of 13 to 15 percent, exceeding previous expectations of 8 to 10 percent. The operating margin before special items is now expected to be between 4 and 6 percent, up from the earlier forecast of 3 to 5 percent.
Strong Quarterly Results
In the second quarter, Siemens Energy recorded incoming orders of 14.433 billion euros, representing an increase of 52.3 percent. Revenue rose by 20.7 percent to 9.962 billion euros, and the result before special items reached 906 million euros, significantly above expectations.
Stock Price Reaction
The Siemens Energy stock reacted positively to the news, rising by nearly 4 percent in after-hours trading. During Tradegate trading, an increase of 1.16 percent to 59.08 euros was recorded at one point.
Further Plans
Siemens Energy plans to publish its complete quarterly results on May 8 and will also readjust its medium-term goals at that time.
Outlook for Investors
The raised forecast and strong quarterly results are positive signals for investors, indicating a solid growth potential for the company. Analysts have given varying assessments in recent months, with some recommending a ‘Buy’ rating while others remain neutral or cautious. However, the increased forecast could lead to further positive evaluations by analysts.
Overall, Siemens Energy shows optimism for the fiscal year 2024/25 through its strong performance in the second quarter and the raised forecast, offering investors an attractive perspective.