Overview
- Siemens Gamesa reported a quarterly profit of €56 million in its fiscal third quarter, and its nine-month cumulative loss narrowed to €204 million after the company raised results on Wednesday.
- Third-quarter sales at Gamesa were €2,743 million and nine-month revenues reached €7,624 million, largely holding steady versus the prior year.
- Quarterly order intake for Gamesa fell sharply to €1,050 million from €4,890 million a year earlier, underscoring uneven demand for wind turbines even as profitability returned.
- Parent Siemens Energy posted a nine-month net profit of €2,525 million, record quarterly orders of €17,900 million and a group backlog of €162,000 million, and cited demand for gas turbines tied to U.S. AI data centers and Middle East power projects while planning a rebrand to Omterra.
- The rebound follows 2022 turbine failures, heavy provisions, a government-backed restructuring and factory-level changes, and the recovery now hinges on steadier order flows and on-time delivery across Gamesa’s projects.