Siemens Energy, Orsted, and Vestas, three of the world’s leading wind power companies, have revealed their financial performance.
Siemens Energy
Siemens Energy witnessed a notable surge in orders, soaring by 23.9 percent to €15.4 billion on a comparable basis, excluding currency translation and portfolio effects. The company’s book-to-bill ratio surpassed 2, propelling the order backlog to an all-time high of €118 billion.
Siemens Energy’s revenue climbed to €7.6 billion, marking a 12.6 percent increase on a comparable basis, with particularly strong growth observed in Grid Technologies.
Siemens Energy reported a net income of €1,582 million, a stark contrast to the net loss of €598 million in Q1 FY 2023. Looking ahead, for the fiscal year ending September 30, 2024, Siemens Energy anticipates comparable revenue growth in the range of 3 percent to 7 percent and a profit margin before special items between minus 2…
