© Siemens Gamesa Renewable Energy
Key points
Key points
.................................................................................................................Fiscal Year 2021
✓ FY21 performance in line with low end of guidance, impacted by increasing supply chain challenges and ramp-up costs in Onshore;
strong execution in Offshore and Service
▪ Revenue: 10,198m1 (Q4 21: 2,863m) and FY21 EBIT margin2: -0.9% (Q4 21: -6.2%)
✓ LEAP, restructuring and added actions in place to address supply chain challenges and bear fruits in coming years
▪ Focus on project execution and footprint optimization: India restructuring completed and consolidation of EMEA capacity ongoing
▪ Cost-out programs and enhanced procurement and pricing practices to address supply chain volatility and cost inflation
▪ Siemens Gamesa 5.X prototypes tested and proven; special actions on cost-out and supply chain development launched
▪ Continuous investment in Offshore to lead the market and capture growth
✓ FY22 guidance3 still impacted by supply chain environment; long-term vision confirmed and to be achieved in FY24-FY25
▪ FY22 revenues expected to decline between 2% and 7%; EBIT margin4: 1% to 4%
▪ Long-term vision (EBIT margin4: 8%-10%) supported by strong momentum in renewables and an order backlog of 32.5bn
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