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Press

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Press Release07 August 2023

Earnings Release Q3 FY 2023: Serious ramp-up challenges in the wind business overshadow excellent performance in conventional energy business

Siemens Energy’s results of the third quarter were impacted by charges at Siemens Gamesa. These relate mainly to quality issues of certain onshore platforms as well as increased product costs and ramp-up challenges in the offshore business....

Press Release15 September 2023

250,000 tons less CO2 thanks to renewable hydrogen: Siemens Energy delivers electrolyzers to Normandy

Siemens Energy is supplying 12 electrolyzers with a total capacity of 200 megawatts to Normandy, France. Air Liquide, a world lead...

Press Release07 August 2023

Siemens Energy quantifies charges for ramp-up challenges at Siemens Gamesa

Siemens Energy has concluded a status report analyzing quality problems at the onshore platforms 4.X and 5.X of its wind power sub...

Press Release20 April 2023

Siemens Energy to supply technology for three offshore grid connections in the North Sea in billion-euro contract

A consortium of Siemens Energy and Spain's Dragados Offshore has signed a framework agreement with German-Dutch transmission system operator TenneT to supply high-voltage direct current (HVDC) transmission technology for three grid connections in the...

Press Releases

Press Release15 September 2023

250,000 tons less CO2 thanks to renewable hydrogen: Siemens Energy delivers electrolyzers to Normandy

Siemens Energy is supplying 12 electrolyzers with a total capacity of 200 megawatts to Normandy, France. Air Liquide, a world leader in gases, technologies and services for Industry and Health, will operate them in its Normand'Hy project. Starting in...

Press Release07 August 2023

Siemens Energy quantifies charges for ramp-up challenges at Siemens Gamesa

Siemens Energy has concluded a status report analyzing quality problems at the onshore platforms 4.X and 5.X of its wind power subsidiary Siemens Gamesa following the ad hoc release of June 22.

Press Release07 August 2023

Earnings Release Q3 FY 2023: Serious ramp-up challenges in the wind business overshadow excellent performance in conventional energy business

Siemens Energy’s results of the third quarter were impacted by charges at Siemens Gamesa. These relate mainly to quality issues of certain onshore platforms as well as increased product costs and ramp-up challenges in the offshore business.
Siemens Energy continues to benefit from a favorable market environment. Orders of €14.9bn reflect 54.2% growth on a comparable basis (excluding currency translation and portfolio effects), primarily driven by large orders at Siemens Gamesa and Grid ...
Revenue increased by 8.0% on a comparable basis to €7.5bn.
Profit before Special items of Siemens Energy was negative with €2,048m (Q3 FY 2022: negative €222m) driven by above mentioned charges at Siemens Gamesa totaling €2.2bn. Profit before Special items at Gas Services (GS), GT, and Transformation of Indu...
Special items declined to negative €41m (Q3 FY 2022: negative €259m) as the prior-year quarter was heavily burdened by Russia-related charges. Profit for Siemens Energy was negative with €2,089m (Q3 FY 2022: negative €481m).
Siemens Energy reported a Net loss of €2,931m (Q3 FY 2022: Net loss €564m), including negative tax effects from valuation allowances on deferred tax assets in connection with the charges at Siemens Gamesa. Corresponding basic earnings per share (EPS)...
Free cash flow pre tax improved to positive €27m from negative €25m in the prior-year quarter.
In light of the developments at Siemens Gamesa, management adjusts the outlook for Siemens Energy. Due to the aforementioned challenges at Siemens Gamesa, management now expects for Siemens Energy Group comparable revenue growth to be in a range of 9...

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Press Event07 August 2023

Features

Feature09 May 2023

Fuel cell projects are the “wave” of the future in decarbonizing the maritime sector

Fuel cells are an attractive option for reducing greenhouse emissions in the maritime industry because of their high energy effici...

Feature15 December 2022

How the U.S. energy transition is rewriting the history of electricity

In the 1870s, Thomas Edison began developing a practical application of direct current (DC) to power homes, businesses, and entire...

Feature24 February 2022

Annual Shareholders' Meeting 2022

The Annual Shareholders' Meeting 2022 of Siemens Energy AG was held on Thursday, February 24, 2022, 10:00 a.m. (CET), as a virtual...

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Popular topics

Earnings Release Q3 FY 2023: Serious ramp-up challenges in the wind business overshadow excellent performance in conventional energy business

250,000 tons less CO2 thanks to renewable hydrogen: Siemens Energy delivers electrolyzers to Normandy

Siemens Energy quantifies charges for ramp-up challenges at Siemens Gamesa

Siemens Energy to supply technology for three offshore grid connections in the North Sea in billion-euro contract

Press Releases

250,000 tons less CO2 thanks to renewable hydrogen: Siemens Energy delivers electrolyzers to Normandy

Siemens Energy quantifies charges for ramp-up challenges at Siemens Gamesa

Earnings Release Q3 FY 2023: Serious ramp-up challenges in the wind business overshadow excellent performance in conventional energy business

Events

Third Quarter Results FY 2023

Webcast Ad hoc release

Second Quarter Results FY 2023

Features

Fuel cell projects are the “wave” of the future in decarbonizing the maritime sector

How the U.S. energy transition is rewriting the history of electricity

Annual Shareholders' Meeting 2022

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