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Save the date2022-02-09 08:30:00Europe/Parisuse-titleFirst Quarter Results FY 2022Continuing constraints in global supply chains cause challenges in the business. While operational performance at Gas and Power (GP) was solid, Siemens Gamesa Renewable Energy (SGRE) was impacted
harder than expected by difficult supply markets and faced project-related and technical challenges.
Both segments contributed to another strong quarter for order intake at €8.3bn, up 10.1% on a comparable basis (excluding currency translation and portfolio effects). Strong Book-to-bill ratio (ratio of orders
to revenue) of 1.40 resulted in a new record order backlog of €87.1bn.
Revenue was €6.0bn, 11.4% lower on a comparable basis, in line with our expectations, due to timing
effects associated with the execution of large projects in both segments and supply chain constraints
impacting revenue conversion mainly at SGRE.
While GP substantially improved its Adjusted EBITA, SGRE reported a negative result of €318m, impacted
by additional supply chain related costs and ramp-up challenges with the 5.X platform of the onshore
business.
Adjusted EBITA for Siemens Energy was negative €57m (Q1 FY 2021: positive €243m) due to the negative
result at SGRE. Recent quarter saw minor impacts from special items of positive €6m (Q1 FY 2021: negative €123m). Adjusted EBITA before special items of Siemens Energy was negative €63m compared to
positive €366m in prior-year quarter.
Net loss amounted to €240m (Q1 FY 2021: net income of €99m). Corresponding basic earnings per share
(EPS) were negative €0.18 (Q1 FY 2021: positive €0.09).
Free cash flow pre tax sharply improved year-over-year to negative €69m (Q1 FY 2021: negative €388m)
driven by a very strong performance of GP.
Due to financial performance at SGRE in the recent quarter and its adjusted guidance, Siemens Energy
amended its outlook for fiscal year 2022 and will reassess its prior expectations for Siemens Energy
Group’s Adjusted EBITA margin before special items for fiscal year 2023. For fiscal year 2022, management now expects Siemens Energy Group’s comparable revenue development to be in a range of negative
2% to positive 3% and an Adjusted EBITA margin before special items between positive 2% and positive
4%.Munich
We
released our first quarter financial results for the fiscal year 2022 on
February 9, 2022, at 07:00 a.m. CET. The Press Conference Call was broadcasted
live at 08:30 a.m. CET.
Save the date2022-02-09 08:30:00Europe/Parisuse-titleFirst Quarter Results FY 2022Continuing constraints in global supply chains cause challenges in the business. While operational performance at Gas and Power (GP) was solid, Siemens Gamesa Renewable Energy (SGRE) was impacted
harder than expected by difficult supply markets and faced project-related and technical challenges.
Both segments contributed to another strong quarter for order intake at €8.3bn, up 10.1% on a comparable basis (excluding currency translation and portfolio effects). Strong Book-to-bill ratio (ratio of orders
to revenue) of 1.40 resulted in a new record order backlog of €87.1bn.
Revenue was €6.0bn, 11.4% lower on a comparable basis, in line with our expectations, due to timing
effects associated with the execution of large projects in both segments and supply chain constraints
impacting revenue conversion mainly at SGRE.
While GP substantially improved its Adjusted EBITA, SGRE reported a negative result of €318m, impacted
by additional supply chain related costs and ramp-up challenges with the 5.X platform of the onshore
business.
Adjusted EBITA for Siemens Energy was negative €57m (Q1 FY 2021: positive €243m) due to the negative
result at SGRE. Recent quarter saw minor impacts from special items of positive €6m (Q1 FY 2021: negative €123m). Adjusted EBITA before special items of Siemens Energy was negative €63m compared to
positive €366m in prior-year quarter.
Net loss amounted to €240m (Q1 FY 2021: net income of €99m). Corresponding basic earnings per share
(EPS) were negative €0.18 (Q1 FY 2021: positive €0.09).
Free cash flow pre tax sharply improved year-over-year to negative €69m (Q1 FY 2021: negative €388m)
driven by a very strong performance of GP.
Due to financial performance at SGRE in the recent quarter and its adjusted guidance, Siemens Energy
amended its outlook for fiscal year 2022 and will reassess its prior expectations for Siemens Energy
Group’s Adjusted EBITA margin before special items for fiscal year 2023. For fiscal year 2022, management now expects Siemens Energy Group’s comparable revenue development to be in a range of negative
2% to positive 3% and an Adjusted EBITA margin before special items between positive 2% and positive
4%.Munich
We
released our first quarter financial results for the fiscal year 2022 on
February 9, 2022, at 07:00 a.m. CET. The Press Conference Call was broadcasted
live at 08:30 a.m. CET.
