The energy equipment manufacturer turned a loss into a profit. It significantly increased revenue.
The German manufacturer of energy equipment Siemens Energy in the third quarter of the 2024/25 financial year, i.e. from April 1 to June 30, had consolidated net revenues of EUR 9.74 billion, compared to EUR 8.79 billion a year earlier.
During this period, the net profit amounted to EUR 697.1 million , while in the same period of the previous year a loss of EUR 142 million was recorded.
Siemens Gamesa, a leading manufacturer of wind turbines, including those for offshore wind farms, continues to generate losses. In the third quarter, the loss amounted to €438 million, compared to €446 million a year ago.
Siemens Energy reported that new orders from customers totaled €16.6 billion during the past quarter. The total order book now stands at a record €136 billion, up 13 percent year-on-year.
The company is optimistic about the market situation, seeing its opportunities in the constantly growing energy investment market, especially in the renewable energy sector.
Journalist, graduate of political science at the Faculty of Law and Administration of the Jagiellonian University. Associated with the media for over 40 years. After graduating in 1982, he worked on the editorial staff of "Gazeta Krakowska" and "Kurier Polski." A member of the editorial team of "Przegląd Techniczny." He has published articles in "Student," "Przekrój," and "Życie Literackie." Since the economic and political transformation, he has been associated with Reuters as a correspondent in Krakow for over 20 years. For the next three years, he conducted practical classes with students at the Institute of Journalism, Media, and Social Communication of the Jagiellonian University. Since December 2021, he has joined the PTWP Group and works for the WNP.PL portal. His main professional interests include economics and politics at the global level and the participation of Polish business in this field, particularly companies listed on the Warsaw Stock Exchange. Winner of the "Ostra Pióra" award, granted for "spreading economic education" by the BCC, as well as the Golden Pear - a journalistic award of the Małopolska Branch of the Association of Journalists of the Republic of Poland.
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