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Siemens Energy operates globally along nearly the entire energy value chain. The company has about 91,000 employees worldwide (as of March 31, 2020). Its products include gas turbines, steam turbines, generators, transformers, and compressors. Siemens Energy’s 67 percent stake in Siemens Gamesa Renewable Energy makes it a global market leader in renewable energies.

News

Q3 FY2021 Earnings Release: SE - Gas and Power segment on track, SGRE impacted by onshore wind business | August 4, 2021

Strong order development at Gas and Power (GP). Due to the expected volatile order development at Siemens Gamesa Renewable Energy (SGRE) orders dropped by 36.8% to €5.9bn against a strong order intake in Q3 FY 2020. Order backlog at quarter-end amounted to €82.6bn.
Revenue increased by 8.8% to €7.3bn due to growth in both segments for a book-to-bill ratio (ratio of orders to revenue) below 1. On a comparable basis (excluding currency translation and portfolio effects) revenue grew 11.2% versus prior-year’s level.
Driven by GP’s sharp improvement, Adjusted EBITA before special items for Siemens Energy was positive with €54m and a margin of 0.7%. The recent quarter was impacted by total special items of €178m particularly related to GP’s competitiveness program. Overall, Adjusted EBITA came in with negative €124m compared to negative €1,182m a year earlier.
Net loss was €307m, a sharp improvement compared to the loss in the prior-year quarter of €1,132m. Corresponding basic earnings per share (EPS) were negative €0.32.
For fiscal year 2021, management confirms the outlook for nominal revenue growth in the range of 3% to 8% for Siemens Energy. However, due to the financial performance at SGRE’s onshore business in the recent quarter and its significantly lower profit expectations for the fiscal year 2021, management now expects an Adjusted EBITA margin before special items for Siemens Energy in the range of 2% to below 3%, previously 3% to 5%.