Siemens Gamesa says order intake dips to €2.3 bn

Siemens Gamesa SG 3.4-132 model wind turbine

Siemens Gamesa said its order intake stood at €2.3 billion compared to €4.6 billion in the same quarter of FY20.

Booking of Offshore orders and related Service orders is expected in the coming quarters, with no Offshore orders booked in Q1 FY21.

Company’s revenues amounted to €2.3 billion (+15 percent), supported by strong offshore growth, and negatively impacted by currency devaluation.

EBIT pre-PPA and before integration and restructuring (I&R) costs amounted to €121 million (versus -€136 million loss in the first quarter of financial year 2020), equivalent to a margin of 5.3 percent of sales in Q1 FY21, benefiting from the existence of one-time positive impacts in the quarter.

As a result of this preliminary performance, the company confirms the outlook for FY 2021, announced on November 5th 2020: revenues between €10,200 million and €11,200 million and EBIT margin pre PPA and I&R costs between 3 percent and 5 percent.

Siemens Gamesa will publish its full earnings release for the first quarter of fiscal year 2021 on January 29, 2021.