Against the background of the business development in the first half of the fiscal year coupled with greater visibility on the remainder of the fiscal year, we refine our outlook for the nominal revenue growth for Siemens Energy and both segments. Our original outlook included a wider range for the expected growth rate reflecting a high level of uncertainty at that time regarding factors, amongst others, the global COVID-19 pandemic.
We now expect the nominal revenue growth rate for
Siemens Energy in fiscal year 2021 to be in the range of 3% to 8% (previously 2% to 12%). Unchanged, we expect an Adjusted EBITA margin before special items of 3% to 5%, a sharp increase in Net income and a sharp decrease of Free cash flow pre tax.
GP segment in fiscal year 2021 we now expect nominal revenue growth to be in the range of 2% to 6% (previously 2% to 11%). Adjusted EBITA margin before special items is anticipated unchanged between 3.5% and 5.5%.
SGRE segment we now expect nominal revenue growth in the range of 8% to 11% (previously 8% to 18%). Adjusted EBITA margin before special items is expected to be unchanged in a range of 3% to 5% in fiscal year 2021.
We continue to expect global macroeconomic development to remain subdued for the remaining fiscal year 2021, with risks particularly related to geopolitical and geoeconomic uncertainties. Our markets tend to have a limited effect to economic cycles and our businesses, especially our service business, is characterized by a high level of resilience.
This guidance continues to assume limited financial impact from COVID-19 during fiscal year 2021. Nevertheless, we observe with concern the resurgence of the global COVID-19 pandemic and measures imposed by authorities. We continue to monitor the pandemic situation and evaluate appropriate measures as it pertains to our guidance.
This outlook excludes charges related to legal and regulatory matters.