Siemens Gamesa sees revenue drop, lowers guidance


A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021.

PAUL ELLIS | AFP | Getty Images

Siemens Gamesa Renewable Energy has cut its guidance for the coming year after a turbulent period that has seen its market capitalization nearly halve.

The wind turbine manufacturer on Thursday said it continued to be “challenged by market dynamics,” as supply chain disruptions weighed on results.

Between October and December 2021, the company said revenue fell to 1.83 billion euros (around $2.06 billion) — a year-on-year decline of 20.3%. The Spain-headquartered firm also reported an operating loss of 309 million euros and a net loss attributable to…


0 0 votes
Article Rating

Republicans grill Fed nominee Raskin over past views on climate and big energy companies

Previous article

Shares of EV start-up Electric Last Mile plunge more than 50% after CEO, chair resign

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Energy