Wind power subsidiary Siemens Gamesa is set to push German energy technology group Siemens Energy into even deeper losses in the 2022/23 financial year. The energy technology group announced in Munich on Wednesday that losses widened to 4.59 billion euros (previous year: 712 million euros) due to start-up and quality problems, although the other three divisions met or even beat their targets. .
Sales rose nearly 10 percent on a comparable basis to 31.1 billion euros, and incoming orders – led by large orders for wind turbines and power grids – rose by a third to 350.4 billion euros. However, Siemens Energy expects losses in the wind power business for the next two years. Siemens Gamesa will reach the break-even point only in the 2025/26 financial year. For the current 2023/24 financial year, Gamesa is again expected to suffer losses of 2 billion euros due to quality defects in wind turbines for use on land (onshore) and start-up difficulties in wind turbines for use on the high seas (offshore). hopefully. ,
Siemens Energy boss Christian Bruch wants to announce next week what will happen next in the wind energy business. “To achieve a turnaround and make Siemens Gamesa profitable again, the scope of Siemens Gamesa’s business activities is being reviewed,” the statement said. At least it is becoming clear that the billions of provisions made in the summer were sufficient. Bruch spoke of “progress in overcoming Siemens Gamesa’s problems”. No further provision has been made since then.