Siemens Gamesa, the wind turbine division of Siemens Energy AG (ETR:ENR), has experienced a sharp year-on-year rise in fiscal Q3 orders, but its revenue inched down a bit during the period and its loss before special items narrowed only slightly compared to a year earlier due to cost increases. The German energy major reported on Wednesday “the highest quarterly order intake ever” for the group at EUR 16.6 billion (USD 19.2bn), saying that Siemens Gamesa had a particularly significant contribution in April-June 2025 with two large offshore wind turbine orders in the Baltic Sea, worth EUR 1.8 billion and EUR 1.5 billion, respectively.
Siemens Gamesa, the wind turbine division of Siemens Energy AG (ETR:ENR), has experienced a sharp year-on-year rise in fiscal Q3 orders, but its revenue inched down a bit during the period and its loss before special items narrowed only slightly compared to a year earlier due to cost increases. The German energy major reported on Wednesday “the highest quarterly order intake ever” for the group at EUR 16.6 billion (USD 19.2bn), saying that Siemens Gamesa had a particularly significant contribution in April-June 2025 with two large offshore wind turbine orders in the Baltic Sea, worth EUR 1.8 billion and EUR 1.5 billion, respectively.
Siemens Gamesa, the wind turbine division of Siemens Energy AG (ETR:ENR), has experienced a sharp year-on-year rise in fiscal Q3 orders, but its revenue inched down a bit during the period and its loss before special items narrowed only slightly compared to a year earlier due to cost increases.
The German energy major reported on Wednesday “the highest quarterly order intake ever” for the group at EUR 16.6 billion (USD 19.2bn), saying that Siemens Gamesa had a particularly significant contribution in April-June 2025 with two large offshore wind turbine orders in the Baltic Sea, worth EUR 1.8 billion and EUR 1.5 billion, respectively.
Consequently, Siemens Gamesa’s order backlog rose to EUR 38 billion, but was held back by negative …
... more [truncated due to possible copyright]Siemens Gamesa, the wind turbine division of Siemens Energy AG (ETR:ENR), has experienced a sharp year-on-year rise in fiscal Q3 orders, but its revenue inched down a bit during the period and its loss before special items narrowed only slightly compared to a year earlier due to cost increases.
The German energy major reported on Wednesday “the highest quarterly order intake ever” for the group at EUR 16.6 billion (USD 19.2bn), saying that Siemens Gamesa had a particularly significant contribution in April-June 2025 with two large offshore wind turbine orders in the Baltic Sea, worth EUR 1.8 billion and EUR 1.5 billion, respectively.
Consequently, Siemens Gamesa’s order backlog rose to EUR 38 billion, but was held back by negative currency translation effects.
The division saw its quarterly loss before special items narrow to EUR 438 million from EUR 446 million. Siemens Energy noted that the result nearly remained on the same level because of the effects of cost increases related to the ongoing ramp-up of offshore activities and due to the quality issues surrounding its onshore business. Moreover, the tariffs imposed by the US government and temporary currency hedging impacts have had an additional negative impact on operational improvements.
The reason for revenues being just below the level achieved in the same period of 2024 is that growth in the offshore business could not fully compensate for a drop in the onshore business.
The exact figures reported by Siemens Gamesa are available in the table below. Figures in EUR million, unless otherwise noted.
| Q3 2025 | Q3 2024 | |
| Orders | 4890 | 665 |
| Revenue | 2506 | 2569 |
| Profit (loss) | (425) | (455) |
| Profit (loss) margin | (17.0%) | (17.7%) |
| Profit (loss) before special items | (438) | (446) |
On a group level, Siemens Energy turned to a net profit of EUR 697 million from a loss of EUR 102 million after generating revenue of EUR 9.75 billion, up by 13.5% on the year.
For the full year, the company reaffirmed its already raised outlook, “with a tendency towards the upper end of the guided ranges,” and said it assumes comparable revenue growth of 0% to 2% for Siemens Gamesa, along with a loss before special items of around EUR 1.3 billion.
“Our businesses delivered another strong quarter, continuing the solid performance of this fiscal year. This puts us on track to meet the upgraded guidance issued in the second quarter, and we are currently trending towards the upper end of the range. With the decision to lift the dividend ban following our early exit from the federal Bund Back Guarantee, we are now able to pay a dividend to our shareholders earlier than expected. These are important achievements, and our focus remains on profitable growth through continued excellence in project execution," commented Christian Bruch, president and CEO of Siemens Energy.
(EUR 1.0 = USD 1.158)