Siemens Energy announced that its wind subsidiary, Siemens Gamesawill suffer losses of approximately 1.3 billion euros during the next financial year 2025, which represents a slight improvement compared to the losses of 1,781 million euros registered in 2024. However, the company remains determined to achieve the balance point (“neutral”) for 2026, after having initiated an adjustment plan already underway.
The CEO of Siemens Energy, Christian Bruchadmitted at a press conference that next year Siemens Gamesa will always record a major lossdespite efforts to reduce the debt. In May, the company had already announced a adjustment plan this would affect some 4,100 employees around the world, some of which 430 they would be in Spain.
Bruch said that while the process is gradual, progress in 2024 provides hope for a solution to the company’s problems. “We are working hard and step by step, but we are going in the right direction,” commented the CEO, who emphasized that although the Factory productivity has not yet reached desired levelsThis year’s results are encouraging.
On the other hand, Siemens Gamesa began the resumption of its commercial activity, with notable growth in offshore wind energy (“offshore”), while activity on the 4.X land platform (“onshore”) has started to resume, albeit at a slow pace. The factory Cuxhavenin Germany, practically doubled its production during the second half of 2024.
Despite the restructuring, Siemens Energy has decided not to distribute dividends for the 2024 financial year due to the restrictions imposed by the guarantees from the German government. These guarantees, which amount to 7.5 billion euros in 2023 they were received to help the company overcome the crisis and will not allow the distribution of dividends until the company is freed from these guarantees, which, according to Bruch, will occur “no later than 2026 “.
The company continues to work to get out of this financial impasse, with the Financial Director, Maria Ferrarohoping the problem will be resolved soon. Siemens Energy is also closely monitoring political changes in the United States, particularly with the possible return of Donald Trump at the White House, which could affect the country’s energy policy, where the company has a strong presence.
