From the Wall Street Journal, February 7:
Siemens Energy said it swung to a profit in the first quarter of fiscal 2024, when orders jumped amid favorable energy market trends.
The German energy company said Wednesday that its net income came to 1.55 billion euros ($1.67 billion) for the quarter ended Dec. 31 compared with a EUR473 million loss a year prior.
As disclosed in January, first-quarter revenue grew 13% on a comparable basis to EUR7.65 billion, while orders grew 24% on comparable basis to EUR15.38 billion, Siemens Energy said.
Siemens Energy’s order backlog stands at EUR118 billion, it said....
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