Siemens Energy

Siemens Energy CEO Christian Bruch says Germany is particularly exposed because of its role as a transit country and reports a marked rise in hybrid and cyber-related attacks over the past 12–18 months. He calls for the swift completion of a civil operations plan, stronger repair capabilities and structured measures to boost the resilience of critical infrastructures. Bruch stresses that full protection is unrealistic and that preparedness and rapid repair chains are more important than protection alone. » More on deraktionaer.de

Siemens Energy reports record Q3 figures: order intake +9% to €17.9bn, sales +19% to €11.4bn and adjusted profit of €1.6bn (group margin 14.2%). Management reconfirms full-year guidance and expects the margin at the upper end (10–12%), around €4bn net profit and roughly €8bn free cash inflow before taxes. Rating agencies upgraded the rating; Siemens Gamesa returned to profitability. The planned spin-off of the Transformation of Industry unit (to be called Omterra) is intended to sharpen strategic focus. Analysts see significant upside after the correction, with key chart levels around €136 to €152. » More on finanzen.net

Siemens Energy shares turned positive after two weak trading days following reports that SpaceX plans to develop its own gas turbine components had triggered a sell-off. Analysts at JPMorgan, Jefferies and Deutsche Bank view the risk as limited, noting it mainly concerns individual components and that the affected areas account for only a small portion of revenue; several firms reaffirm buy recommendations with higher price targets. At the same time, the planned spin-off of the "Transformation of Industry" unit, with potential majority stakes worth over €10 billion, remains an important structural issue. » More on finanzen.net