The market receives with euphoria the latest results of Siemens Energy for the financial year 2024, corresponding to the period between September 2023 and last September, in which it announced the exit from losses by obtaining a profit of 345 million euros at the close of markets on Tuesday, despite losses at its wind business, Gamesa. Given this news, investors opted for purchases on the stock market, which led the company to appreciate up to 20% during the last session, approaching an annual increase of 300%. Even if, as the day went on, the increase eased to 19%, leading the increases in the Old Continent.
Given the volatility that this firm has generated on the stock market, its price has stopped today. THE photograph of Siemens at the start of the year on the stock market has nothing to do with how it is perceived on the stock market update your quote. The company left far behind the 12 euros at which it started the year, and from these levels it climbed 286% during the year, to 46.33 euros, its new all-time highs.
The firm continues to validate and record a record on the stock market, since the beginning of October it has managed to exceed 33.7 euros, its maximum until that momenta figure at which the German company has no longer been listed since January 2021. It thus continues to defend the title of the most optimistic listed company of all the selective reference in Europe, the Stoxx 600.
A year ago this picture That would have been unthinkable. At that time, the company was facing a worrying decline in orders for its Gamesa business, which dragged down its parent company’s stock price and He collapsed 70% to the ground. Siemens ended up delisting this subsidiary which was listed on the Continuous Market.
However, during the last financial year, the wind turbine producer continued to generate losses for its parent company, of 1,781 million euros, although 60% below the 4,347 million euros obtained during the last financial year. year 2023. And Siemens expects the producing company to continue to suffer losses, estimated at 1.3 billion euros, during its 2025 financial year, despite the fact that we knew this Tuesday New Iberdrola contract for the acquisition of turbines from this company, from which it will obtain 1,200 million euros.
Siemens Energy experienced momentum in its other businesses, notably gas, networks and the transformation industry, whose joint profit increased by 31.4% to 2,377 million euros. Siemens Energy Chairman and CEO Christian Bruch celebrated his company’s change in direction by achieving all of its goals, “driven by solidity orders and project execution in all our activities“.
