Published: 15 July 2021 15 July 2021
Following the review of the preliminary closing of the third quarter of financial year 2021, the Board of Directors of Siemens Gamesa Renewable Energy (SGRE) decided to update and adjust its guidance for the financial year 2021.
This revision is mainly due to provisions for onerous projects affected by the following decisive factors:
The impact of these elements has been exacerbated by the pandemic, especially in countries like Brazil where we face supply chain shortfalls and execution related bottlenecks.
Based on the above, SGRE is adjusting its guidance for financial year 20211 as follows:
All the aforementioned factors have been taken into account in the results of operations for the Q3 of financial year 2021. As a result, preliminary2 earnings of the third quarter (quarterly results will be published on July 30, 2021) are as follows:
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