Siemens Gamesa narrowed its fourth-quarter profit-before-special-items loss to €303 million, marking a 34.6% improvement from a year earlier, parent company Siemens Energy said on Thursday. The company attributed the progress to operational gains across the business, though the result remained in negative territory due to low-margin onshore contracts and costs associated with scaling up offshore production.
Siemens Energy said Siemens Gamesa was the business segment “hit hardest” by U.S. tariffs, which increased component costs and continued to pressure margins.
Quarterly revenue at the wind turbine manufacturer fell to €2.744 billion from €3.082 billion a year earlier. Orders dropped sharply to €1.123 billion from €4.145 billion, reflecting the absence of a single €2.9 billion North Sea order that had boosted the prior-year comparison.
The reported quarterly loss narrowed to €353 million from €478 million. The profit margin before special items improved by four percentage points to –11%.
Special items totalled a negative €50 million, mainly due to a revaluation linked to the disposal of the company’s wind business in India. Siemens Gamesa ended the period with a book-to-bill ratio of 0.41 and a backlog of €36 billion.
At group level, Siemens Energy reported adjusted EBITA before special items of €1.312 billion for the full year, up from €1.152 billion. Net income reached €1.128 billion, compared with a €2.9 billion loss in fiscal 2024.
Chief executive Christian Bruch said the group had “delivered solid results in a demanding year,” adding that stabilising Siemens Gamesa remains its “central priority.”
