Siemens Gamesa has reported a revenue of EUR 2.3 billion for the first quarter of the financial year 2021, a 15% increase said to be supported by strong offshore growth.
In the announcement of its preliminary results for Q1 FY2021, Siemens Gamesa reported an order intake of EUR 2.3 billion, a decrease compared to EUR 4.6 billion in the same quarter of the financial year 2020.
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The company expects the booking of offshore orders and related service orders in the coming quarters, stating there are no offshore orders booked in Q1 FY21.
EBIT pre-PPA and before integration and restructuring (I&R) costs amounted to EUR 121 million, equivalent to a margin of 5.3% of sales in Q1 FY21, benefiting from the existence of one-time positive impacts.
As a result of this preliminary performance, the company confirms the outlook for FY 2021, which includes revenues between EUR 10,200 million and EUR 11,200 million and EBIT margin pre-PPA and I&R costs between 3% and 5%.
Siemens Gamesa plans to publish its full earnings release for the first quarter of the fiscal year 2021 on 29 January.
24 days ago
about 5 years ago
Siemens Gamesa has reported a revenue of EUR 2.3 billion for the first quarter of the financial year 2021, a 15% increase said to be supported by strong offshore growth. In the announcement of its preliminary results for Q1 FY2021, Siemens Gamesa reported an order intake of EUR 2.3 billion, a decrea
