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Siemens Gamesa Renewable Energy Expects FY Revenue To Be At Low End Of Prior Outlook
BERLIN (dpa-AFX) - Siemens Gamesa Renewable Energy S.A., a separately listed and fully consolidated subsidiary of Siemens Energy AG (SMEGF.PK SMNEY.PK), expects group revenue for financial year 2021 to be at the low end of the prior estimation of 10.2 billion euros - 10.5 billion euros.
Siemens Gamesa Renewable Energy group EBIT margin pre Purchase Price Allocation (PPA) and before Integration & Restructuring (I&R) costs for financial year 2021 is adjusted to a range of 0% to -1%.
Siemens Gamesa Renewable Energy reported preliminary third-quarter EBIT pre PPA and I&R costs of about negative 150 million euros and revenue of 2.7 billion euros.