Annual Press Conference 2023

November 15, 2023

Munich

We released our financial results for the fiscal year 2023 on November 15, 2023, at 07:00 AM CET. The Annual Press Conference was broadcasted live.

Excellent performance of conventional businesses in fiscal year 2023 overshadowed by wind business performance

Press release 15. November 2023

Businesses representing 70% of revenue well on track to meet mid-term targets
Quality problems at Siemens Gamesa ringfenced, turnaround measures in progress
Strong growth in orders and revenue to finish with a record order backlog of €112 bn
Profit before Special Items of negative €2,776 million, margin at negative 8.9% due to the charges in the wind business
Structure for guarantee facility to support strong order growth agreed with German government, banking partners and Siemens AG
Disposals under execution to strengthen balance sheet