BAKU, Azerbaijan, Jan.11
By Leman Zeynalova – Trend:
Compared with the strong prior year, orders of Siemens Energy decreased moderately to €33 billion in the fiscal year 2021 (by September 2021), Trend reports with reference to the company.
On a comparable basis, orders were nearly level with prior year. The order backlog increased clearly year on year to €84 billion. Both segments contributed to this growth, and SGRE exceeded its record at the end of the prior fiscal year. Revenue of Siemens Energy stood at €28,482 million, representing moderate nominal growth compared with the prior year. Both segments contributed to this development.
Siemens Energy revenue from the service business rose slightly from the prior-year level. The higher revenue and especially operational improvements together with lower negative non-recurring items in comparison to the prior year were the main factors in the sharp increase in the Adjusted EBITA before Special items of Siemens Energy from minus €17 million in the prior year to €661 million in fiscal year 2021.
The improvement was held back by the challenges in SGRE’s onshore activities. The impact of special items declined sharply. Although restructuring costs increased sharply due to measures under GP’s competitiveness program, particularly the charges resulting from strategic portfolio decisions in the prior year were not matched in fiscal year 2021. As a result, Adjusted EBITA and the corresponding margin of Siemens Energy rose sharply and were nearly in a positive range. Both GP and SGRE posted sharp improvements.
However, in contrast to GP, adjusted EBITA of SGRE was again negative. These developments impacted the earnings of Siemens Energy, resulting in a sharp year-on[1]year reduction in the Net loss to €560 million and correspondingly negative Basic earnings per share of €0.63.
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