Siemens Gamesa has reported Q2 losses before special items of €249m, compared with losses of €446m in the same period in 2024.
“Profit before Special items remained negative but improved sharply compared to the prior-year quarter,” stated the company.
This was primarily driven by continued growth in the offshore business, which led to corresponding degression effects as well as due to positive project effects.
Profit continued to be impacted by follow-on effects of cost increases related to the ramp-up of offshore activities as well as the quality issues in the onshore area.
Negative special items related to the disposal of the Indian wind business.
Orders were nearly on prior-year quarter’s level.
There were no large orders in the offshore business and onshore orders continued to be affected by the follow-on effects or continuation of the temporary interruption of sales activities for the 4.X and 5.X turbines.
Book-to-bill ratio for Q2 was 0.32, while the order backlog decreased to €36bn at the end of the quarter.
Revenue increased significantly, driven by the new units business in offshore, mainly due to the ramp-up of activities.
Parent company Siemens Energy posted profit before special items that amounted to to €906m in Q2 2025, reflecting a margin of 9.1%.
All segments contributed to the increase year over-year (Q2 FY 2024: €170m).
Special items were negative €291m (Q2 FY 2024: positive €331m) primarily relating to the sale of the Indian wind business.
Siemens Energy’s profit reached €615m (Q2 2024, €501m).