It looks like you are using a browser that is not fully supported. Please note that there might be constraints on site display and
usability.
For the best experience we suggest that you download the newest version of a supported browser:
Save the date2022-05-11 08:30Europe/Parisuse-titleSecond Quarter Results FY 2022
Continuing constraints in global supply chains carried on affecting the business of Siemens Energy, predominantly at Siemens Gamesa Renewable Energy (SGRE), where difficult supply markets amplified the
impacts rooting in continued operational problems. As a result, SGRE reported an Adjusted EBITA of negative €301m for the second quarter.The consequences of the war in Ukraine led to initial minor negative effects on the second quarter results
of Siemens Energy.Solid orders of €7.9bn included a strong contribution from Gas and Power (GP), resulting in the order
backlog climbing to a record of €89.3bn. Compared to the exceptional high prior-year figure, orders came
in 27.5% lower for the quarter on a comparable basis (excluding currency translation and portfolio effects).Revenue of €6.6m was slightly down by 1.7% on a comparable basis, as moderate growth at GP was more
than offset by a decline at SGRE.Adjusted EBITA for Siemens Energy was negative €77m (Q2 FY 2021: positive €197m) due to the loss at
SGRE. In contrast, GP substantially increased its Adjusted EBITA year-over-year. Adjusted EBITA before special items of Siemens Energy was negative €21m compared to positive €288m in prior-year quarter.Siemens Energy’s net loss amounted to €252m (Q2 FY 2021: net income of €31m). Corresponding basic
earnings per share (EPS) were negative €0.22 (Q2 FY 2021: positive €0.03).Free cash flow pre tax sharply decreased to negative €351m (Q2 FY 2021: positive €433m) driven by the
earnings decline at SGRE while GP delivered a positive contribution.Given SGRE’s adjusted aspiration for fiscal year 2022 and in light of prevailing challenges, management
now expects for Siemens Energy for fiscal year 2022 results towards the low end of the guidance ranges
for comparable revenue development (negative 2% to positive 3%) and Adjusted EBITA margin before
special items (positive 2% to positive 4%).Management notes an increasingly challenging environment and growing uncertainty with regards to
the continuation and economic burdens of the war in Ukraine as well as the COVID-19 situation in China
and cannot rule out further negative effects associated to an escalation of these factors.
Berlin
We
released our second quarter financial results for the fiscal year 2022 on May
11, 2022, at 07:00 a.m. CEST. The Press Conference Call was broadcasted live at
08:30 a.m. CEST.
Save the date2022-05-11 08:30Europe/Parisuse-titleSecond Quarter Results FY 2022
Continuing constraints in global supply chains carried on affecting the business of Siemens Energy, predominantly at Siemens Gamesa Renewable Energy (SGRE), where difficult supply markets amplified the
impacts rooting in continued operational problems. As a result, SGRE reported an Adjusted EBITA of negative €301m for the second quarter.The consequences of the war in Ukraine led to initial minor negative effects on the second quarter results
of Siemens Energy.Solid orders of €7.9bn included a strong contribution from Gas and Power (GP), resulting in the order
backlog climbing to a record of €89.3bn. Compared to the exceptional high prior-year figure, orders came
in 27.5% lower for the quarter on a comparable basis (excluding currency translation and portfolio effects).Revenue of €6.6m was slightly down by 1.7% on a comparable basis, as moderate growth at GP was more
than offset by a decline at SGRE.Adjusted EBITA for Siemens Energy was negative €77m (Q2 FY 2021: positive €197m) due to the loss at
SGRE. In contrast, GP substantially increased its Adjusted EBITA year-over-year. Adjusted EBITA before special items of Siemens Energy was negative €21m compared to positive €288m in prior-year quarter.Siemens Energy’s net loss amounted to €252m (Q2 FY 2021: net income of €31m). Corresponding basic
earnings per share (EPS) were negative €0.22 (Q2 FY 2021: positive €0.03).Free cash flow pre tax sharply decreased to negative €351m (Q2 FY 2021: positive €433m) driven by the
earnings decline at SGRE while GP delivered a positive contribution.Given SGRE’s adjusted aspiration for fiscal year 2022 and in light of prevailing challenges, management
now expects for Siemens Energy for fiscal year 2022 results towards the low end of the guidance ranges
for comparable revenue development (negative 2% to positive 3%) and Adjusted EBITA margin before
special items (positive 2% to positive 4%).Management notes an increasingly challenging environment and growing uncertainty with regards to
the continuation and economic burdens of the war in Ukraine as well as the COVID-19 situation in China
and cannot rule out further negative effects associated to an escalation of these factors.
Berlin
We
released our second quarter financial results for the fiscal year 2022 on May
11, 2022, at 07:00 a.m. CEST. The Press Conference Call was broadcasted live at
08:30 a.m. CEST.
