Siemens Gamesa posted its second consecutive net loss in its full fiscal year of 2021 that ended in September, pointing to challenging supply chain conditions, sharp increases in commodity prices, shortage of certain components and logistics bottlenecks coupled with high transportation costs.
The turbine manufacturer’s performance was also impacted by higher-than-expected ramp-up costs for its new 5.X onshore wind turbine platform.
Revenue rose by 7.5% to €10.2bn ($11.79bn) in the full year, while reported earnings before interest and taxes (Ebit) ended with a loss of €522m, compared to an Ebit loss of €958m a year earlier.
