Information on Siemens Energy's Records - Audio Recording at Siemens Energy Facility
Siemens Energy, the global power technology powerhouse, is on track for its best year ever, despite challenges from U.S. tariffs and issues with its wind power division. The key factors contributing to this record year include strong order intake, notably in offshore wind through Siemens Gamesa, and significant revenue growth across all business segments.
In the third quarter of 2021, Siemens Gamesa secured large offshore wind contracts, especially in the Baltic Sea, helping to lift the order backlog to historic levels. Group-wide, new orders reached €16.6 billion, a 64.6% increase year-on-year on a comparable basis. Cumulatively, Siemens Gamesa's orders for the first nine months rose to €8.2 billion from €3.1 billion the previous year, with an order backlog of €38 billion. Revenue for Siemens Gamesa rose 11% to €7.6 billion over nine months, while Siemens Energy overall showed profit before special items of €497 million, significantly higher than the €49 million in Q3 FY 2024, and revenues grew 11% year-on-year.
Additional drivers were the group-wide strong cash flow and improved profitability. Siemens Energy’s full-year outlook remained positive, trending toward the upper end of guidance, reflecting confidence in sustained performance.
Siemens Energy's workforce now stands at 102,000 employees, including 27,000 in Germany. The business with gas and grid technology is particularly robust within Siemens Energy. The company aims to earn up to one billion euros in taxes in the current fiscal year.
The order backlog was affected by U.S. tariffs and currency effects. Without the one-time effect, Siemens Energy would still have shown a clear profit in the third quarter. Siemens Energy's record year was propelled by a surge in offshore wind orders, broad-based order growth across all segments, strengthened revenues (+11% yoy), improved profitability (notably profit before special items grew significantly), and continued high order backlog supporting future growth.
In summary, Siemens Energy’s record year was propelled by a surge in offshore wind orders, broad-based order growth across all segments, strengthened revenues (+11% yoy), improved profitability (notably profit before special items grew significantly), continued high order backlog supporting future growth. The company's order backlog reached a record high of 136 billion euros. Despite facing challenges, Siemens Energy is poised for continued success in the future.
[1] Siemens Energy Press Release, Q3 FY 2021 Results [3] Siemens Gamesa Renewable Energy Press Release, Q3 FY 2021 Results
- Siemens Energy's record year, characterized by a surge in offshore wind orders and broad-based growth across all segments, was also driven by significant revenue growth in the finance and energy industries, as well as the implementation of its community and employment policies that contributed to the employment of 102,000 individuals worldwide.
- To sustain its success, Siemens Energy plans to focus on fostering strong relationships within the power technology and wind power industries, while continuing to adhere to its employment policy and invest in the development of new technologies in the finance and energy sectors to maintain its competitive edge.
