Siemens Gamesa loss narrows and revenue outlook brightens

Losses narrowed in the second quarter of wind turbine unit Siemens Gamesa’s fiscal year, and the full-year outlook brightened as parent Siemens Energy unexpectedly released quite positive preliminary results.

Orders remained nearly stagnant in the second quarter of the 2025 fiscal year at €875m ($994m), compared to €880m a year earlier, but revenue rose 16.2% to €2.7bn, the company said without giving further details.

The wind unit’s comparable loss before special items came in at €249m, down from a loss of €446m in the year-earlier quarter. That still left Siemens Gamesa with a negative profit margin of 9.2%, which was, however, narrower than the negative profit margin of 19.3% a year earlier.

For the full fiscal year 2025, the company now expects the wind turbine unit’s revenue to grow between 0 and 2%, compared to a negative growth of between negative 5% and negative 9% seen earlier.

The outlook for a loss before special items of around €1.3bn remained unchanged.

For all of Siemens Energy, the comparable profit (including loss from the disposal of a majority stake of Siemens Gamesa’s Indian wind business) rose to €615m in the second quarter of the fiscal year, from €501m a year earlier, amid good results in the gas services, grids and transformation of industry units.

The energy tech giant now expects a net income of up to €1bn, excluding assumed positive special items after the demerger of the energy business from Siemens Limited, India.

In the previous outlook, the company had seen a break-even.