Siemens

Siemens Gamesa closed the fiscal year ended September 30 with a record order backlog, while strong sales activity in all three business units contributed to a 12% year-on-year revenue increase at the wind turbine manufacturer. Despite strong headwinds in the sector, which is experiencing pricing pressure, rising costs and regulatory uncertainty in certain markets, the company delivered an EBIT margin pre-PPA and integration and restructuring costs of 7.1% in line with its guidance to the market. The order backlog at Siemens Gamesa rose 12% year-on-year to €25.5bn as its order ...