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Save the date2021-08-04 08:30:00Europe/Parisuse-titleThird Quarter Results FY 2021We will release our third quarter financial results for the fiscal year 2021 on August 4, 2021, at 07:00 AM CEST. The Press Conference Call will be broadcasted live at 08:30 AM CEST at www.siemens-energy.com/pressconferenceMunich
We
released our third quarter financial results for the fiscal year 2021 on
August 4, 2021, at 07:00 AM CEST. The Press Conference Call was broadcasted
live at 08:30 AM CEST.
Save the date2021-08-04 08:30:00Europe/Parisuse-titleThird Quarter Results FY 2021
Strong
order development at Gas and Power (GP). Due to the expected volatile order development
at Siemens Gamesa Renewable Energy (SGRE) orders dropped by 36.8% to €5.9bn
against a strong order intake in Q3 FY 2020. Order backlog at quarter-end
amounted to €82.6bn.
Revenue
increased by 8.8% to €7.3bn due to growth in both segments for a book-to-bill
ratio (ratio of orders to revenue) below 1. On a comparable basis (excluding
currency translation and portfolio effects) revenue grew 11.2% versus
prior-year’s level.
Driven
by GP’s sharp improvement, Adjusted EBITA before special items for Siemens
Energy was positive with €54m (Q3 FY 2020: negative €213m) and a margin of 0.7%,
despite a loss at SGRE. The recent quarter was impacted by total special items
of €178m particularly related to GP’s competitiveness program. Special items in
Q3 FY 2020 however were negative €969m, mainly resulting from strategic portfolio
decisions. Overall, Adjusted EBITA came in with negative €124m compared to
negative €1,182m a year earlier.
Net
loss was €307m, a sharp improvement compared to the loss in the prior-year
quarter of €1,132m. Corresponding basic earnings per share (EPS) were negative
€0.32.For
fiscal year 2021, management confirms the outlook for nominal revenue growth in
the range of 3% to 8% for Siemens Energy. However, due to the financial
performance at SGRE’s onshore business in the recent quarter and its
significantly lower profit expectations for the fiscal year 2021, management
now expects an Adjusted EBITA margin before special items for Siemens Energy in
the range of 2% to below 3%, previously 3% to 5%.
Munich
We
released our third quarter financial results for the fiscal year 2021 on
August 4, 2021, at 07:00 AM CEST. The Press Conference Call was broadcasted
live at 08:30 AM CEST.
