Siemens Gamesa’s loss before special items has narrowed significantly to €44m in the second quarter of this fiscal year, compared to €249m 12 months ago.
The OEM said the improvement and a year-on-year jump in profit margin before special items from -9.2% to -1.7% was primarily due to productivity gains and increased cost efficiency.
Revenue has decreased slightly from the corresponding period in 2025 from around €2.7bn to €2.5bn with growth reported in the offshore wind business and an increase in service revenue offsetting a decline in the new units business.
Orders are slightly down from €875m in Q2 2025. However, Siemens Gamesa received its first orders for the SG 7.0 platform, the successor to the 5.X turbine, in the most recent quarter.
The outlook for the remainder of the financial year is revenue growth of 3%-5% and a profit before special items at break even.