Siemens Gamesa posted a €918m ($1.08bn) full-year loss as the Covid pandemic wiped €1bn off sales and issues at its onshore turbine business weighed down the Spanish-German wind OEM.

But despite the “challenging year” – Siemens Gamesa’s financial calendar runs to the quarter ending September 30 – the company under recently-installed CEO Andreas Nauen was upbeat over the future, citing a record order intake, an onshore turnaround plan and booming offshore business.