Siemens Gamesa will be 'strong cash positive' in 2028, Siemens Energy CEO says

Siemens Energy AG

20/11/2025 18:03

FRANKFURT/DUESSELDORF, Nov 20 (Reuters) - Siemens Gamesa will be "strong cash positive" in 2028, the CEO of parent Siemens Energy ENR1n.DE told analysts and investors on Thursday, fleshing out the path to sustainable profits for the loss-making wind turbine maker.

"Until then it's really working ... towards that," Christian Bruch said at Siemens Energy's capital markets day.

Siemens Gamesa, which is seeking to break even in 2026, reported pre tax free cash flow of negative 1.75 billion euros ($2.02 billion) in the fiscal year that ended in September.

Siemens Gamesa CEO Vinod Philip, who has been tasked with turning around the struggling business, said that in the mid-term service margins in the division should be in the "mid teen" percentage range, similar to peers Nordex NXDG.DE and Vestas VWS.CO.

($1 = 0.8673 euros)

 (Reporting by Christoph Steitz and Tom Kaeckenhoff, Editing by Friederike Heine)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647))