Siemens Gamesa increases its losses by 9.2% in the first nine months, reaching 1,358 million euros.

Siemens Gamesa posted losses of €1.358 billion in the first nine months of its fiscal year, up 9.25% from the €1.243 billion loss seen a year earlier, while its parent company, Siemens Energy, saw its net profit fall by 8.7% in the period to €1.45 billion.

According to Siemens Energy, with these figures for the first nine months of its fiscal year—from October to June—it expects to reach the upper end of its 2025 guidance , driven by its wind turbine division and strong demand in the United States for its energy equipment, which has allowed it to weather the impact of tariffs.

Thus, the German energy company forecasts sales growth of 13 to 15% , a profit margin before special items of 4 to 6%, and a net profit of up to €1 billion.

US import tariffs caused a loss of €100 million to the group's accounts, primarily due to non-standard effects related to service contracts.

With its highest quarterly order volume ever, Siemens Energy emphasized that it was able to continue the strong performance of the first half of the year into the third quarter.

Thus, with €16.6 billion , the group further improved on the record order intake of last year and previous quarters. On a comparable basis—excluding currency translation and portfolio effects—orders exceeded the previous year's figure by 64.6%.

The order-to-bill ratio was 1.70, boosting the order backlog to a new record of €136 billion . However, the increase was hampered by the negative effects of currency translation.

Revenue continued to grow at a double-digit percentage rate, reaching €9.7 billion , representing a 13.5% increase on a comparable basis.

Thus, Siemens Energy's profit before special items was €497 million in the third quarter, compared to €49 million a year earlier.

Extraordinary items amounted to €458 million in the third quarter, compared to €69 million in the same period in 2024, and were primarily due to the spin-off of the energy business of Siemens Limited, India.

Siemens Energy's net profit reached €697 million in the third quarter, compared with a net loss of €102 million in the same period in 2024.

Siemens Energy President and CEO Christian Bruch emphasized that the group's businesses "had another solid quarter, continuing the strong performance of this fiscal year."

"This puts us on track to meet the improved guidance issued in the second quarter, and we are currently at the high end of the range. With the decision to lift the dividend ban following our early exit from the federal repayment guarantee, we are now able to pay dividends to our shareholders ahead of schedule. These are significant achievements, and our focus remains on profitable growth through continued excellence in project execution," he said.

In the specific case of Siemens Gamesa, the wind energy division of Siemens Energy, orders increased dramatically compared to the previous year's figure. This was due to the offshore business, which recorded two large orders, worth €1.8 billion and €1.5 billion , for wind turbines in the Baltic Sea.

In the onshore business (onshore wind), sales activities began for the successor to the 5.X platform (SG 7.0-170). The order book increased to €38 billion, hampered by the negative effects of currency translation.

Siemens Gamesa's losses before special items in the third quarter narrowed to €438 million , compared to €446 million in the same period last year.