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Siemens Energy Preliminary Q1 Revenue Up 2.6%; Confirms FY Outlook

Siemens Energy reported preliminary revenue for the first quarter of fiscal year 2021 increased by 2.6% to 6.54 billion euros from last year's 6.37 billion euros.

Adjusted EBITA was 243 million euros, compared to negative 117 million euros last year.

Siemens Energy order intake was 7.43 billion euros, down from 10.03 billion euros in the previous year.

The company confirmed its outlook for fiscal year 2021.

In Gas and Power segment, revenue for the quarter decreased to 4.29 billion euros, from 4.42 billion euros in the prior year. Adjusted EBITA was 191 million euros, compared to 51 million euros in the prior year.

Gas and Power Order intake also decreased to 5.17 billion euros from 5.43 billion euros in the previous year.

Siemens Energy said it publish its full earnings release for the first quarter of fiscal year 2021 on February 2, 2021.

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