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Siemens Gamesa’s Q1 Net Loss Widens to €884 Million on Higher Service Costs

The October-December period revenue was up 9.8% YoY to €2 billion

February 2, 2023

/ Gourav Mishra
/ Finance and M&A, Other, Wind
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Spain-based wind turbine maker Siemens Gamesa’s net loss widened to €884 million (~$971.9 million) for the first quarter (Q1) of the financial year (FY) 2023 compared to €403 million (~$443.2 million) year-over-year (YoY).

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Gourav Mishra

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net lossOffshoreOnshoreRevenueSiemens GamesaWind turbine manufacturer
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