FRANKFURT, Jan 24 (Reuters) - Siemens Energy, which makes turbines for the power sector, on Sunday said it swung on to a core profit of 243 million euros ($296 million) in the first quarter, helped by cost cuts.

It also confirmed its 2021 outlook. ($1 = 0.8219 euros) (Reporting by Christoph Steitz Editing by Michael Nienaber)