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Siemens Gamesa Posts Results for Fiscal Year 2020
Official Press Release Siemens Gamesa Renewable Energy:
Siemens Gamesa completes a challenging fiscal year 2020 with record order intake, as momentum for wind energy grows
Results for FY20 (Oct. 2019 - Sept. 2020) and Q4 20 (July - Sept. 2020)
In the fourth quarter, the company reported EBIT pre PPA and before Integration and Restructuring costs of €31m, a margin of 1.1% Fiscal year 2020 reflects the impact of Covid-19 and the challenges in the Onshore business, with EBIT pre PPA and before Integration and Restructuring costs amounting to -€233m and an EBIT margin of -2.5% Record order intake of €14,736m in fiscal year 2020 contributed to a healthy order book of €30.2bn (+18.6% y/y), providing a solid foundation for the future Siemens Gamesa has implemented a business plan for FY21 – FY23 focused on maintaining profitable growth in Offshore and Service and turning the Onshore... ... More: Official Press Release Siemens Gamesa Renewable Energy
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- Siemens Gamesa, manufacturer, turbine, results, fiscal year, order intake, record, onshore, offshore, EBIT
